Money market Rate, Percent per annum in South Africa
South Africa: Money market Rate, Percent per annum was 7.26 in 2025. ▼ Falling
Money market Rate, Percent per annum in South Africa, 1976–2025
Source: International Monetary Fund.
Analysis
South Africa recorded 7.26 for money market rate, percent per annum in 2025.
That represents a change of down 10.5% on the previous year and up 24.7% over ten years.
Over the whole period, money market rate, percent per annum in South Africa peaked at 21.21 in 1984 and was at its lowest, 3.54, in 2021.
That places South Africa 24th out of 94 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Money market Rate, Percent per annum in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 8.99 | — |
| 1977 | 8.66 | -3.7% |
| 1978 | 8.35 | -3.6% |
| 1979 | 5.63 | -32.6% |
| 1980 | 4.59 | -18.3% |
| 1981 | 10.7 | +133.0% |
| 1982 | 17.64 | +64.8% |
| 1983 | 14.6 | -17.3% |
| 1984 | 21.21 | +45.3% |
| 1985 | 19.02 | -10.3% |
| 1986 | 11.4 | -40.0% |
| 1987 | 9.92 | -13.0% |
| 1988 | 14.51 | +46.3% |
| 1989 | 19.6 | +35.1% |
| 1990 | 20.32 | +3.7% |
| 1991 | 17.77 | -12.5% |
| 1992 | 14.74 | -17.1% |
| 1993 | 11.31 | -23.3% |
| 1994 | 10.7 | -5.4% |
| 1995 | 13.65 | +27.6% |
| 1996 | 16.23 | +18.9% |
| 1997 | 16.28 | +0.3% |
| 1998 | 17.87 | +9.7% |
| 1999 | 13.64 | -23.7% |
| 2000 | 9.96 | -27.0% |
| 2001 | 9.26 | -7.0% |
| 2002 | 11.11 | +19.9% |
| 2003 | 10.93 | -1.6% |
| 2004 | 7.15 | -34.6% |
| 2005 | 6.62 | -7.4% |
| 2006 | 7.23 | +9.2% |
| 2007 | 9.22 | +27.4% |
| 2008 | 11.32 | +22.9% |
| 2009 | 8.15 | -28.0% |
| 2010 | 6.19 | -24.1% |
| 2011 | 5.29 | -14.5% |
| 2012 | 5.07 | -4.1% |
| 2013 | 4.79 | -5.4% |
| 2014 | 5.45 | +13.8% |
| 2015 | 5.82 | +6.7% |
| 2016 | 6.86 | +17.8% |
| 2017 | 6.87 | +0.2% |
| 2018 | 6.57 | -4.3% |
| 2019 | 6.63 | +0.8% |
| 2020 | 4.38 | -34.0% |
| 2021 | 3.54 | -19.0% |
| 2022 | 5.08 | +43.3% |
| 2023 | 7.86 | +54.9% |
| 2024 | 8.11 | +3.1% |
| 2025 | 7.26 | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.91 | 5.63 | 8.99 | 4 |
| 1980s | 14.32 | 4.59 | 21.21 | 10 |
| 1990s | 15.25 | 10.7 | 20.32 | 10 |
| 2000s | 9.1 | 6.62 | 11.32 | 10 |
| 2010s | 5.95 | 4.79 | 6.87 | 10 |
| 2020s | 6.04 | 3.54 | 8.11 | 6 |
Countries ranked near South Africa
- 21 Rwanda 7.62 compare
- 22 Iceland 7.51 compare
- 23 Pakistan 7.27 compare
- 25 Namibia 7.05 compare
- 26 Armenia 7.01 compare
- 27 Anguilla 6.89 compare
- 27 Antigua and Barbuda 6.89 compare
- 27 Dominica 6.89 compare
- 27 Grenada 6.89 compare
- 27 Saint Kitts and Nevis 6.89 compare
- 27 Saint Lucia 6.89 compare
- 27 Montserrat 6.89 compare
- 27 Saint Vincent and the Grenadines 6.89 compare
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is money market rate, percent per annum in South Africa?
- Money market rate, percent per annum in South Africa was 7.26 in 2025, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in South Africa?
- The highest recorded value was 21.21 in 1984.
- What is the lowest money market rate, percent per annum recorded in South Africa?
- The lowest recorded value was 3.54 in 2021.
- How does South Africa rank for money market rate, percent per annum?
- South Africa ranks 24th out of 94 countries with data for 2025.
- Is money market rate, percent per annum rising or falling in South Africa?
- Over the last ten years it is up 24.7%. The long-run trend across the full record is falling.
- Where does this South Africa data come from?
- The figures come from International Monetary Fund, published as part of Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.