Bank Lending Rate in South Africa remained unchanged at 9.75 percent in September from 9.75 percent in September of 2022. source: South African Reserve Bank

Bank Lending Rate in South Africa averaged 12.03 percent from 1957 until 2022, 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. This page provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Prime Overdraft Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

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. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.25 percent in 2023 and 9.50 percent in 2024, according to our econometric models.

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South Africa Prime Overdraft Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 01:00 PM 7.75% 7.75% 8.25%
2022-09-22 01:00 PM 9.75% 9% 9.75%
2022-11-24 01:00 PM

Related Last Previous Unit Reference
Consumer Spending 3068389.00 3051568.00 ZAR Million Jun 2022
Disposable Personal Income 4139867.00 4085559.00 ZAR Million Jun 2022
Private Sector Credit 7.86 7.06 percent Aug 2022
Bank Lending Rate 9.75 9.75 percent Sep 2022
Households Debt to Income 66.10 67.90 percent Dec 2021

South Africa Prime Overdraft Rate
In South Africa, the bank lending rate refers to commercial banks prime overdraft rate. It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients at either above or below the benchmark rate.
Actual Previous Highest Lowest Dates Unit Frequency
9.75 9.75 25.50 5.50 1957 - 2022 percent Monthly