Cash Rate

South African Reserve Bank, via BIS

South Africa repo rate

7.00%

+0.25 pp last change (28 May 2026)

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

Mean
10.52%
Median
9.50%
Min
3.50% 24 Jul 2020
Max
23.99% 22 Jun 1998
DateRate
17 Sep 20267.00
31 Aug 20267.00
31 Jul 20267.00
30 Jun 20267.00
31 May 20267.00
30 Apr 20266.75
31 Mar 20266.75
28 Feb 20266.75
31 Jan 20266.75
31 Dec 20256.75
30 Nov 20256.75
31 Oct 20257.00
30 Sep 20257.00
31 Aug 20257.00
31 Jul 20257.25
30 Jun 20257.25
31 May 20257.25
30 Apr 20257.50
31 Mar 20257.50
28 Feb 20257.50
31 Jan 20257.50
31 Dec 20247.75
30 Nov 20247.75
31 Oct 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 17 Sep 2026. Compiled by the BIS with the South African Reserve Bank.

The chart is a step at policy changes. From 31 Dec 1980 to 17 Sep 2026 (16,697 observations): mean 10.52%, median 9.50%; low 3.50% (24 Jul 2020), high 23.99% (22 Jun 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 South Africa desk leads with the SARB repo rate, from the BIS central bank policy rate series for South Africa, then US, UK and ECB rates. The repo rate is the rate at which the South African Reserve Bank lends to banks against eligible collateral; the BIS series records it as dated level changes from 1980 and the page draws it as daily steps. It is the country's main policy rate, not a mortgage or deposit rate.

This desk is reachable at its address but is not listed in the Country selector, and the page is set to noindex. All desks show the same official series in a different order, so the numbers match the hub. Values are republished with attribution to the BIS; this site is not an official BIS publication. The build ingests no South African retail rate series, so none is shown. This is not financial advice.