Bank Lending Rate in South Africa decreased to 9.75 percent in January from 10 percent in December of 2019. Bank Lending Rate in South Africa averaged 12.25 percent from 1957 until 2020, 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. source: South African Reserve Bank
Bank Lending Rate in South Africa is expected to be 9.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in South Africa to stand at 9.75 in 12 months time. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.