South Africa policy rate
The central bank policy rate for South Africa: current level, every change on record and the full daily history from the BIS dataset.
7.00%
Current rate
2026-05-29
Last change
to 7.00% from 6.75%
1980
History since
13,718 daily observations
As of 2026-09-14.
Recent rate changes
| Date | New rate |
|---|---|
| 2026-05-29 | 7.00% |
| 2025-11-21 | 6.75% |
| 2025-08-01 | 7.00% |
| 2025-05-30 | 7.25% |
| 2025-01-31 | 7.50% |
| 2024-11-22 | 7.75% |
| 2024-09-20 | 8.00% |
| 2023-05-26 | 8.25% |
| 2023-03-31 | 7.75% |
| 2023-01-27 | 7.25% |
| 2022-11-25 | 7.00% |
| 2022-09-23 | 6.25% |
| 2022-07-22 | 5.50% |
| 2022-05-20 | 4.75% |
| 2022-03-25 | 4.25% |
| 2022-01-28 | 4.00% |
| 2021-11-19 | 3.75% |
| 2020-07-24 | 3.50% |
| 2020-05-22 | 3.75% |
| 2020-04-15 | 4.25% |
| 2020-03-20 | 5.25% |
| 2020-01-17 | 6.25% |
| 2019-07-19 | 6.50% |
| 2018-11-23 | 6.75% |
| 2018-03-29 | 6.50% |
What the latest data says
The South Africa policy rate is 7.00% as of 2026-09-14. The last change was on 2026-05-29, a rise of 25 basis points, 113 days ago. Over the last 26 readings it ranged from 3.50% (24 July 2020) to 8.25% (26 May 2023).
What this data is
Policy rates for South Africa
The Bank for International Settlements maintains a single daily series of every major central bank's policy rate, on the same basis and in the same file. That's the source here. For each economy the page shows the current rate, when it last changed and by how much, and the history back to the start of the series.
Policy rates set the floor for every other yield in a currency. Their direction, more than their level, drives currency positioning and the funding cost of every leveraged trade in that currency.
This page follows South Africa only. The full list, the method notes and the cross-market view live on the Policy rates hub.
Source and method
- Source
- BIS policy rate statistics (daily)
- Updates
- Daily at 05:00 UTC. Last update 2026-09-14.
- History
- 1945 for the earliest series; most economies from the 1990s.
- This series
- 13,718 daily observations, 1980-12-31 to 2026-09-14.25 or more recorded rate changes in the loaded history.
- Get the data
- JSON API and CSV download30 requests a minute without a key, 120 a minute with a key from a free account.
Data checks. Every dataset is checked against its source once a day. This dataset passed the last run, 18 Sep 05:40 UTC.
How to read it
- Count the steps, not the basis points. A bank that has moved three times in one direction is in a cycle.
- Rate differentials between two economies are what carry trades and currency futures respond to. Pair this page with the COT currency markets.
- The last-change date tells you where a bank is in its cycle; a long pause after a run of moves is usually the top or the bottom.
Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.
Related
Frequently Asked Questions
What is the current policy rate in South Africa?
How often does this update?
How do I get this via API?
What counts as a rate change?
Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.