Interest Rates 2024 South Africa 2024. The monitory policy committee (mpc) of the south african reserve bank (sarb) briefed the media on its decision regarding the interest rate,. Interest rate in south africa averaged 11.84 percent from 1998 until 2024, reaching an all time high of 23.99 percent in june of 1998 and a record low of 3.50 percent in july of 2020.
The monitory policy committee (mpc) of the south african reserve bank (sarb) briefed the media on its decision regarding the interest rate,. Increased to 5.50% and september 2022 to 6.25%, maintaining a stable market where buyer demand and affordability were still relatively aligned.
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