South Africa policy rate in 2025 (4 changes)

Start of year7.75%

End of year6.75%Dec 31, 2025

Net change-100 bp0 hikes, 4 cuts

Average7.243%

Rank by level7 / 38

Changes in 2025

Date	From	To	Change
Jan 31, 2025	7.75%	7.50%	cut -25 bp
May 30, 2025	7.50%	7.25%	cut -25 bp
Aug 1, 2025	7.25%	7.00%	cut -25 bp
Nov 21, 2025	7.00%	6.75%	cut -25 bp

Compared with other areas at the end of 2025

Türkiye38%

Russia16%

Brazil15%

Colombia9.25%

Iceland7.25%

Mexico7%

South Africa6.75%

Romania6.5%

Hungary6.5%

Serbia5.75%

India5.25%

Indonesia4.75%

Philippines4.5%

Chile4.5%

Saudi Arabia4.25%

Peru4.25%

Israel4.25%

Poland4%

Norway4%

North Macedonia4%

Hong Kong4%

United Kingdom3.75%

United States3.625%

Australia3.6%

Kuwait3.5%

Czechia3.5%

China3%

Malaysia2.75%

South Korea2.5%

New Zealand2.25%

Morocco2.25%

Canada2.25%

Euro area2%

Sweden1.75%

Denmark1.6%

Thailand1.25%

Japan0.75%

Switzerland0%

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%

← 2024 2026 →

2025: hikes and cuts worldwide →

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