South Africa policy rate in 2024 (2 changes)

Start of year8.25%

End of year7.75%Dec 31, 2024

Net change-50 bp0 hikes, 2 cuts

Average8.154%

Rank by level7 / 38

Changes in 2024

Date	From	To	Change
Sep 20, 2024	8.25%	8.00%	cut -25 bp
Nov 22, 2024	8.00%	7.75%	cut -25 bp

Compared with other areas at the end of 2024

Türkiye47.5%

Russia21%

Brazil12.25%

Mexico10%

Colombia9.5%

Iceland8.5%

South Africa7.75%

Romania6.5%

India6.5%

Hungary6.5%

Indonesia6%

Serbia5.75%

Poland5.75%

Philippines5.75%

North Macedonia5.55%

Saudi Arabia5%

Peru5%

Chile5%

Hong Kong4.75%

United Kingdom4.75%

Norway4.5%

Israel4.5%

United States4.375%

Australia4.35%

New Zealand4.25%

Kuwait4%

Czechia4%

Canada3.25%

China3.1%

Euro area3%

Malaysia3%

South Korea3%

Sweden2.75%

Denmark2.6%

Morocco2.5%

Thailand2.25%

Switzerland0.5%

Japan0.25%

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%

← 2023 2025 →

2024: hikes and cuts worldwide →

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