What is the current interest rate?
As of April 2025, the interest rate is 11.00%.
This follows a succession of cuts by the South African Reserve Bank.
- The post-pandemic period saw a series of interest rate hikes as the SARB sought to combat inflation.
- However, in 2023 experts predicted an end to interest rate hikes. Sure enough, the interest rate was left untouched in September 2023.
- In early 2024, experts predicted that late 2024 would see cuts.
- Predictions again bore out as the past few months have seen three successive interest rate cuts.
- Experts predict more interest rate cuts for 2025, although they expect the SARB will only cut 25 basis points at a time.
- The interest rate may be as low as 10.50% by the end of 2025.
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