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Tuesday, 7 August 2012

South Africa Interest Rate

South Africa Interest Rate

The benchmark interest rate in South Africa was last reported at 5 percent. Historically, from 1998 until 2012, South Africa Interest Rate averaged 13.6 Percent reaching an all time high of 24.0 Percent in June of 1998 and a record low of 5.5 Percent in November of 2010. In South Africa, the interest rates decisions are taken by the South African Reserve Bank’s Monetary Policy Committee (MPC). The official interest rate is the repo rate. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis. This page includes a chart with historical data for South Africa Interest Rate.

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