South Africa policy rate in 2026 (2 changes)

Start of year6.75%

Latest7.25%Oct 5, 2026

Net change+50 bp2 hikes, 0 cuts

Average6.878%

Rank by level6 / 38

Changes in 2026

Date	From	To	Change
May 29, 2026	6.75%	7.00%	hike +25 bp
Sep 25, 2026	7.00%	7.25%	hike +25 bp

Compared with other areas at the end of 2026

Türkiye37%

Russia14%

Brazil13.75%

Colombia12.25%

Iceland8%

South Africa7.25%

Romania6.5%

Mexico6.5%

Serbia5.75%

Indonesia5.75%

Hungary5.5%

India5.25%

Philippines5%

Saudi Arabia4.5%

Norway4.5%

Chile4.5%

Australia4.35%

Peru4.25%

North Macedonia4.25%

Hong Kong4.25%

United States3.875%

Poland3.75%

United Kingdom3.75%

Czechia3.75%

Kuwait3.5%

Israel3.25%

South Korea3%

China3%

New Zealand2.75%

Malaysia2.75%

Euro area2.5%

Morocco2.25%

Canada2.25%

Denmark2.1%

Sweden1.75%

Japan1.25%

Thailand1%

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%

← 2025

2026: hikes and cuts worldwide →

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