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SARB repo rate - South African central bank’s interest rate

Charts - historic SARB interest rates

Graph South African interest rate SARB - last year

Graph South African interest rate SARB - long-term graph

The current South African interest rate SARB (base rate) is 8.250 %

South African Reserve Bank

The South African Reserve Bank (SARB) is South Africa’s central bank. The SARB’s vision is based on maintaining the growth of the South African economy. The basis for this lies in the market system, competition, justice and balanced economic development. The mission of the South African central bank is to achieve and maintain price stability and protect the value of the currency, the rand. The SARB’s monetary policy is based on an inflation target which currently works with a range of 3 to 6 percent on a rolling basis (CPI). For an overview of current inflation in South Africa, click here

SARB repo (interest) rate

When reference is made to the South African interest rate this often refers to the repo rate. This base rate is also called the repurchase rate. In order to counter inflation, excessive growth of the available funds (money) must be prevented. To this end the commercial banks must keep interest rates at a level which prevents an excessive growth in bank lending. In order to achieve this the central bank sets the level of the repo (repurchase) rate, thereby influencing the interest rates that banks pass on to their customers for products such as mortgages, business and personal loans and savings.

This page shows the current and historic values of the SARB’s repo rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic South African central bank interest rates

SARB latest interest rate changes

 change date percentage
 may 25 2023 8.250 %
 march 30 2023 7.750 %
 january 26 2023 7.250 %
 november 24 2022 7.000 %
 september 22 2022 6.250 %
 july 21 2022 5.500 %
 may 19 2022 4.750 %
 march 24 2022 4.250 %
 january 27 2022 4.000 %
 november 19 2021 3.750 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 5.500 % 07-26-2023
 RBA interest rate Australia 4.100 % 06-06-2023
 BACEN interest rate Brazil 12.750 % 09-21-2023
 BoE interest rate Great Britain 5.250 % 08-03-2023
 BOC interest rate Canada 5.000 % 07-12-2023
 PBC interest rate China 3.450 % 08-21-2023
 ECB interest rate Europe 4.500 % 09-14-2023
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 13.000 % 09-18-2023
 SARB interest rate South Africa 8.250 % 05-25-2023

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)5.50 %07-26-2023
Australian interest rate (RBA)4.10 %06-06-2023
British interest rate (BoE)5.25 %08-03-2023
Canadian interest rate (BOC)5.00 %07-12-2023
European interest rate (ECB)4.50 %09-14-2023
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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