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What is prime interest rate in South Africa history?

What is prime interest rate in South Africa history?

Bank Lending Rate in South Africa averaged 12.08 percent from 1957 until 2021, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962.

When did the prime interest rate change in South Africa?

South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 to Aug 2021, with 260 observations. The data reached an all-time high of 17.000 % pa in May 2003 and a record low of 7.000 % pa in Aug 2021.

What is Prime interest in South Africa?

From a prime interest rate of 10.25% in November 2018, a succession of cuts since then has reduced the rate to 7.0% as of September 2020.

What was prime interest rate in 2015?

3.50%
Historical Prime Rate

Effective Date Rate
6/15/2017 4.25%
3/16/2017 4.00%
12/15/2016 3.75%
12/17/2015 3.50%

What is the current prime interest rate in South Africa 2020?

Historical Prime Rates

Interest (per annum) Date
7.25% 2020-05-22
7.75% 2020-04-15
8.75% 2020-03-20
9.75% 2020-01-17

What was the prime rate in November 2020?

Historical Data

Date Value
February 28, 2021 3.25%
January 31, 2021 3.25%
December 31, 2020 3.25%
November 30, 2020 3.25%

What is the current interest rate in South Africa 2020?

7.00% per annum
The prescribed rate of interest has been changed with effect from 1 September 2020 to 7.00% per annum. The previous rate was 7.25%….Prescribed rate of interest is 7% from 1 September 2020.

Date range Rate of interest
1 March 2020 – 30 April 2020 9.75% pa
1 May 2020 – 31 May 2020 8.75% pa
1 June 2020 –30 June 2020 7.75% pa
1 July 2020 – 31 August 2020 7.25% pa

What was the prime lending rate in South Africa?

The data reached an all-time high of 17.000 % pa in May 2003 and a record low of 8.500 % pa in Dec 2013. South Africa’s Prime Lending Rate data remains active status in CEIC and is reported by South African Reserve Bank.

What is the current interest rate in South Africa?

PRIME LENDING RATE HISTORY. Interest (% pa) Effective Date. 7.75%. 2020-04-15. 8.75%. 2020-03-20. 9.75%. 2020-01-17.

What was the interest rate in South Africa in 1957?

Bank Lending Rate in South Africa remained unchanged at 10 percent in August from 10 percent in July of 2019. Bank Lending Rate in South Africa averaged 12.27 percent from 1957 until 2019, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962.

What was the prime interest rate in July 2010?

18 July 2014 9.25 20 July 2012 8.5 10 Sept 2010 9.5 14 Aug 2009 10.50 13 June 2008 15.50 07 Dec 2007 14.50 17 Aug 2007 13.50

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