Cash Rate

South African Reserve Bank, via BIS

South Africa repo rate

View on South Africa desk

7.00%

+0.25 pp last change (May 28, 2026)

As of Sep 17, 2026 | Daily (policy rate; changes on decision days)

Average
10.52%
Median
9.50%
Low
3.50% Jul 24, 2020
High
23.99% Jun 22, 1998
DateRate
Sep 17, 20267.00
Aug 31, 20267.00
Jul 31, 20267.00
Jun 30, 20267.00
May 31, 20267.00
Apr 30, 20266.75
Mar 31, 20266.75
Feb 28, 20266.75
Jan 31, 20266.75
Dec 31, 20256.75
Nov 30, 20256.75
Oct 31, 20257.00
Sep 30, 20257.00
Aug 31, 20257.00
Jul 31, 20257.25
Jun 30, 20257.25
May 31, 20257.25
Apr 30, 20257.50
Mar 31, 20257.50
Feb 28, 20257.50
Jan 31, 20257.50
Dec 31, 20247.75
Nov 30, 20247.75
Oct 31, 20248.00

About the repo rate

South Africa’s official repurchase (repo) rate, from the BIS policy-rate data set (WS_CBPOL, ZA). Current: 7.00% on Sep 17, 2026. Compiled by the BIS with the South African Reserve Bank.

The chart is a step at policy changes. From Dec 31, 1980 to Sep 17, 2026 (16,697 observations): mean 10.52%, median 9.50%; low 3.50% (Jul 24, 2020), high 23.99% (Jun 22, 1998). Not a mortgage or deposit rate. This page is not an official BIS publication.

Source: BIS central bank policy rates (WS_CBPOL), South Africa daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-za-policy.json.

Reading this series

South Africa's repo rate is the official repurchase rate at which the South African Reserve Bank lends to banks against eligible collateral, and it is the country's main policy rate. This page uses the BIS central bank policy rate series for South Africa (WS_CBPOL), compiled by the BIS with the SARB, stored as dated level changes and drawn as a daily step series from 1980. The rate changes only at Monetary Policy Committee decisions, so the line is flat between them.

Read the headline with its as-of date, then the "versus the previous reading" line. Where the rate has been unchanged, the page shows the date of the last actual move instead of a run of zero changes. Mean, median, low and high are arithmetic summaries of the observations in this build and are not official figures. Chart and Table present the same series two ways, the range buttons filter what is drawn, and Explore adds zoom and pan on request. The repo rate is a policy rate, not a mortgage or deposit rate, and this page is not an official BIS publication.

About this desk

The Canada desk leads with the Bank of Canada's target for the overnight rate, then CORRA, the Canadian Overnight Repo Rate Average. US, UK and other official rates follow in the menu. The target is a policy setting the Bank changes at fixed announcement dates; CORRA is a market benchmark calculated from repo transactions and published, not set, by the Bank. Keeping both on one desk shows the policy rate and the market rate it steers.

All series are read from official files and republished without alteration. As on the US desk, Canadian dates are written month-first. The build covers two Canadian series only; it does not publish a Canadian mortgage or deposit rate because none is ingested. Every desk shows the same set in a different order, so the numbers are identical whichever desk you use. Nothing here is financial advice.