PRIME OVERDRAFT RATE of BANKS: as at October 2018
The Bank Lending Rate in South Africa averaged 12.29 percent from 1957 until 2018, 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.
The current Bank Lending Rate is 9.75% as at: 16 January 2020
History of Interest Rates from: 1998 – 2017
|
Interest (% pa) |
Effective Date |
|---|---|
|
10.25% |
2017-07-21 |
|
10.5% |
2016-03-18 |
|
10.25% |
2016-01-28 |
|
9.75% |
2015-11-19 |
|
9.5% |
2015-07-24 |
|
9.25% |
2014-07-18 |
|
9% |
2014-01-30 |
|
8.5% |
2012-07-20 |
|
9% |
2010-11-19 |
|
9.5% |
2010-09-10 |
|
10% |
2010-03-26 |
|
10.5% |
2009-08-14 |
|
11% |
2009-05-28 |
|
12% |
2009-05-04 |
|
13% |
2009-03-25 |
|
14% |
2009-02-06 |
|
15% |
2008-12-12 |
|
15.5% |
2008-06-13 |
|
15% |
2008-04-11 |
|
14.5% |
2007-12-07 |
|
14% |
2007-10-12 |
|
13.5% |
2007-08-16 |
|
13% |
2007-06-08 |
|
12.5% |
2006-12-08 |
|
12% |
2006-10-16 |
|
11.5% |
2006-08-04 |
|
11% |
2006-06-12 |
|
10.5% |
2005-04-18 |
|
11% |
2004-08-16 |
|
11.5% |
2003-12-15 |
|
12% |
2003-10-20 |
|
13.5% |
2003-09-15 |
|
14.5% |
2003-08-15 |
|
15.5% |
2003-06-13 |
|
17% |
2002-09-13 |
|
16% |
2002-06-14 |
|
15% |
2002-03-18 |
|
14% |
2002-01-16 |
|
13.5% |
2001-07-16 |
|
13.75% |
2001-06-18 |
|
14.5% |
2000-01-21 |
|
15.5% |
1999-10-04 |
|
16.5% |
1999-08-02 |
|
17.5% |
1999-07-14 |
|
18% |
1999-06-25 |
|
19% |
1999-04-19 |
|
20% |
1999-03-08 |
|
21% |
1999-02-12 |
|
22% |
1999-01-11 |
|
23% |
1998-12-07 |
|
23.5% |
1998-11-09 |
|
24.5% |
1998-10-19 |
|
25.5% |
1998-08-21 |
|
24% |
1998-07-06 |
|
22.25% |
1998-07-01 |
|
20.25% |
1998-06-13 |