Bank Lending Rate in South Africa remained unchanged at 10 percent in July from 10 percent in July of 2019. Bank Lending Rate in South Africa averaged 12.28 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.
Bank Lending Rate in South Africa is expected to be 10.00 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 10.00 in 12 months time. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.25 percent in 2020, according to our econometric models.