South Africa policy rate in 2022 (6 changes)

Start of year3.75%

End of year7.00%Dec 31, 2022

Net change+325 bp6 hikes, 0 cuts

Average5.103%

Rank by level9 / 38

Changes in 2022

Date	From	To	Change
Jan 28, 2022	3.75%	4.00%	hike +25 bp
Mar 25, 2022	4.00%	4.25%	hike +25 bp
May 20, 2022	4.25%	4.75%	hike +50 bp
Jul 22, 2022	4.75%	5.50%	hike +75 bp
Sep 23, 2022	5.50%	6.25%	hike +75 bp
Nov 25, 2022	6.25%	7.00%	hike +75 bp

Compared with other areas at the end of 2022

Brazil13.75%

Hungary13%

Colombia12%

Chile11.25%

Mexico10.5%

Türkiye9%

Russia7.5%

Peru7.5%

South Africa7%

Czechia7%

Romania6.75%

Poland6.75%

India6.25%

Iceland6%

Philippines5.5%

Indonesia5.5%

Saudi Arabia5%

Serbia5%

North Macedonia4.75%

Hong Kong4.75%

United States4.375%

New Zealand4.25%

Canada4.25%

China3.65%

Kuwait3.5%

United Kingdom3.5%

South Korea3.25%

Israel3.25%

Australia3.1%

Norway2.75%

Malaysia2.75%

Euro area2.5%

Sweden2.5%

Morocco2.5%

Denmark1.75%

Thailand1.25%

Switzerland1%

Japan-0.1%

Year-end rate over time

20267.25%

20256.75%

20247.75%

20238.25%

20227%

20213.75%

20203.5%

20196.5%

20186.75%

20176.75%

20167%

20156.25%

20145.75%

20135%

20125%

20115.5%

20105.5%

20097%

200811.5%

200711%

20069%

20057%

20047.5%

20038%

200213.5%

20019.5%

200012%

← 2021 2023 →

2022: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.