Current Interest Rate South Africa 2024. South africa interest rate holds at 8.25%. By 2022, as the economy began recovering and inflationary pressures emerged, the central bank started increasing rates.
After announcing another hold on interest rates last week, the indication from the south african reserve bank (sarb) is that relief is still some way off. Previously, standard bank expected the reserve bank to cut interest rates by 75 basis points in the second half of 2024 and 25 basis points in the first half of 2025.