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Data series, Inflation and prices

Prime lending rate

10.75%Sep 2026. Up from 10.50% in Jul 2026.

Series id prime-lending-rate. This page and its downloads keep the same address when new figures are added.

Prime lending rate rose from 7.50% in Jan 2022 to 10.75% in Sep 2026, after peaking at 11.75% in May 2023

The prime lending rate is the benchmark rate at which commercial banks lend to their most creditworthy clients. It is conventionally set at repo rate + 3.5 percentage points. Most consumer and business loans are priced relative to prime.

Source: South African Reserve Bank, MPC Statement September 2026. Source released . Checked on SA Data Hub .

Show the numbers as a table
PeriodValue
Jan 20227.50%
Mar 20227.75%
May 20228.25%
Jul 20229.00%
Sep 20229.75%
Nov 202210.50%
Jan 202310.75%
Mar 202311.25%
May 202311.75%
Jul 202311.75%
Sep 202311.75%
Nov 202311.75%
Jan 202411.75%
Mar 202411.75%
May 202411.75%
Jul 202411.75%
Sep 202411.50%
Nov 202411.25%
Jan 202511.00%
Mar 202511.00%
May 202510.75%
Jul 202510.75%
Sep 202510.50%
Nov 202510.25%
Jan 202610.25%
Mar 202610.25%
May 202610.50%
Jul 202610.50%
Sep 202610.75%

Every value

Prime lending rate, every value on SA Data Hub, %
PeriodValue
Sep 202610.75%
Jul 202610.50%
May 202610.50%
Mar 202610.25%
Jan 202610.25%
Nov 202510.25%
Sep 202510.50%
Jul 202510.75%
May 202510.75%
Mar 202511.00%
Jan 202511.00%
Nov 202411.25%
Sep 202411.50%
Jul 202411.75%
May 202411.75%
Mar 202411.75%
Jan 202411.75%
Nov 202311.75%
Sep 202311.75%
Jul 202311.75%
May 202311.75%
Mar 202311.25%
Jan 202310.75%
Nov 202210.50%
Sep 20229.75%
Jul 20229.00%
May 20228.25%
Mar 20227.75%
Jan 20227.50%

Changes to this series

No revisions by the publisher have been recorded for this series. SA Data Hub started recording them on 7 November 2026; earlier revisions are not listed.

SA Data Hub's update log for this dataset

  • , methodology change

    Moved the prime lending rate, and the interest-rates download, from the GDP and economy topic to Inflation and prices, next to the repo rate it follows. No figures changed.

  • , correction

    Corrected repo rate from 7.00% to 7.25% and prime from 10.50% to 10.75% (SARB MPC 2026-09-23). Corrected a prior entry that recorded a July 2026 hike: July was a hold, and the hike was on 28 May 2026 (effective 29 May). May and July 2026 SARB statements not yet verified from primary source.

  • , methodology change

    Registry and lookup alignment updated for SARB repo/prime dataset identifier consistency.

Every update and correction

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You may reuse this series under CC BY 4.0. Credit South African Reserve Bank as the original source and SA Data Hub as the place you got it.

Cite this series

South African Reserve Bank (2026). MPC Statement September 2026. Series "Prime lending rate" via SA Data Hub, https://sadatahub.tech/series/prime-lending-rate (checked 2026-10-19).

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