SARB · ZAR•Est. 1921 · Pretoria•Mandate Target: 3.0%-6.0% Target Range (4.5% Midpoint)
South African Reserve Bank (SARB) - Monetary Ledger
Protect the value of the currency in the interest of balanced and sustainable economic growth. Explore all six canonical primary-source time series for South Africa (South African Rand, ZAR): policy rate history, CPI inflation vs. target, consolidated central bank assets in USD and % of GDP, international gold & FX reserves, and real effective exchange rates.
Six Canonical South African Reserve Bank Datasets
Central Bank Interest Rates1980–2026
South Africa SARB Repo Interest Rate (South Africa)
Latest (Sep 2026)7.25%
Record High21.86% (1998)
Central Bank Balance Sheets (USD)1926–2026
South African Reserve Bank Balance Sheet Total Assets (USD)
Latest (Jul 2026)$76.82B
Record High$84.45B (2026)
Central Bank Assets Share of GDP1960–2026
South African Reserve Bank Balance Sheet Share of GDP (South Africa)
Latest (2026 Q1)17.73%
Record High18.61% (2020)
Consumer Price Inflation Rates & Targets1923–2026
South Africa Inflation Rate (CPI YoY %)
Latest (Jul 2026)4.26%
Record High20.94% (1986)
Foreign Exchange & Gold Reserves1960–2025
South Africa Foreign Exchange & Gold Reserves (USD)
Latest (2025)$76.02B
Record High$76.02B (2025)
Real Effective Exchange Rates (REER)1994–2026
South African Rand (ZAR) Real Effective Exchange Rate (REER)
Latest (Sep 2026)113.91
Record High175.05 (1994)
South African Reserve Bank Policy Rate & Balance Sheet Trajectories
South African Reserve Bank · ZAR
South Africa SARB Repo Interest Rate (South Africa) (1980-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (1980–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & South African Reserve Bank (WS_CBPOL:M:ZA)
Latest: 7.25% (Sep 2026)
· Real Rate: +2.99%
South African Reserve Bank · ZAR
South African Reserve Bank Balance Sheet Total Assets (USD) (1926-2026)
USD BillionsDrag to pan, scroll to zoom, or toggle between full archive (1926–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) (WS_CBTA:M:ZA:B:USD:_Z:B)
Latest: $76.82B (Jul 2026)
Consolidated Annual Monetary Ledger - South African Reserve Bank
Annual policy rate, headline CPI, ex-post real rate, balance sheet assets ($B & % GDP), reserves ($B), and REER index
| Year | Policy Rate | CPI (YoY) | Real Rate | Assets ($B USD) | Assets (% GDP) | Reserves ($B) | REER (2020=100) |
|---|---|---|---|---|---|---|---|
| 2026 | 7.25% | 3.91% | +3.34% | $76.82B | 17.73% | - | 112.28 |
| 2025 | 6.75% | 3.22% | +3.53% | $79.66B | 17.16% | $76.02B | 103.70 |
| 2024 | 7.75% | 4.44% | +3.31% | $67.86B | 17.46% | $65.43B | 101.62 |
| 2023 | 8.25% | 5.92% | +2.33% | $65.90B | 17.31% | $62.49B | 97.86 |
| 2022 | 7.00% | 6.85% | +0.15% | $64.49B | 16.42% | $60.55B | 107.24 |
| 2021 | 3.75% | 4.55% | -0.80% | $64.26B | 16.51% | $57.60B | 109.46 |
| 2020 | 3.50% | 3.30% | +0.20% | $61.13B | 16.14% | $55.01B | 100.00 |
| 2019 | 6.50% | 4.12% | +2.38% | $60.93B | 15.21% | $55.06B | 111.07 |
| 2018 | 6.75% | 4.59% | +2.16% | $57.54B | 15.42% | $51.64B | 114.77 |
| 2017 | 6.75% | 5.30% | +1.45% | $57.09B | 13.88% | $50.72B | 113.05 |
| 2016 | 7.00% | 6.32% | +0.68% | $52.66B | 15.17% | $47.18B | 99.60 |
| 2015 | 6.25% | 4.59% | +1.66% | $50.27B | 17.71% | $45.89B | 107.06 |
| 2014 | 5.75% | 6.12% | -0.37% | $54.18B | 15.15% | $49.12B | 109.64 |
| 2013 | 5.00% | 5.75% | -0.75% | $53.34B | 14.56% | $49.71B | 116.61 |
| 2012 | 5.00% | 5.65% | -0.65% | $55.79B | 13.19% | $50.69B | 131.11 |
| 2011 | 5.50% | 4.97% | +0.53% | $53.91B | 13.03% | $48.75B | 139.47 |
| 2010 | 5.50% | 4.25% | +1.25% | $48.20B | 10.56% | $43.82B | 142.16 |
| 2009 | 7.00% | 7.22% | -0.22% | $42.47B | 11.37% | $39.60B | 123.48 |
| 2008 | 11.50% | 10.96% | +0.54% | $36.33B | 13.07% | $34.07B | 113.38 |
| 2007 | 11.00% | 7.08% | +3.92% | $36.26B | 10.80% | $32.92B | 129.22 |
| 2006 | 9.00% | 4.63% | +4.37% | $29.04B | 10.25% | $25.59B | 137.05 |
| 2005 | 7.00% | 3.40% | +3.60% | $25.05B | 8.95% | $20.62B | 142.84 |
| 2004 | 7.50% | 1.39% | +6.11% | $23.07B | 8.08% | $14.89B | 141.27 |
| 2003 | 8.00% | 5.98% | +2.02% | $16.17B | 7.41% | $8.15B | 129.70 |
| 2002 | 13.50% | 9.14% | +4.36% | $16.53B | 10.66% | $7.82B | 98.69 |
| 2001 | 9.50% | 5.73% | +3.77% | $11.38B | 11.55% | $7.63B | 115.07 |
| 2000 | 12.00% | 5.33% | +6.67% | $12.00B | 8.64% | $7.70B | 130.47 |
| 1999 | 12.00% | 5.27% | +6.73% | $11.79B | 7.78% | $7.50B | 134.99 |
| 1998 | 19.32% | 6.86% | +12.46% | $10.02B | 6.95% | $5.51B | 143.76 |
| 1997 | 16.00% | 8.62% | +7.38% | $9.68B | 6.04% | $5.96B | 155.30 |
| 1996 | 17.00% | 7.34% | +9.66% | $7.51B | 5.02% | $2.34B | 147.22 |
| 1995 | 15.00% | 8.73% | +6.27% | $8.95B | 5.26% | $4.46B | 160.61 |
| 1994 | 13.00% | 8.94% | +4.06% | $9.53B | 6.15% | $3.29B | 165.12 |
| 1993 | 12.00% | 9.72% | +2.28% | $8.97B | 6.32% | $2.88B | - |
| 1992 | 14.00% | 13.96% | +0.04% | $8.56B | 6.09% | $3.21B | - |
| 1991 | 17.00% | 15.31% | +1.69% | $10.30B | 7.30% | $3.19B | - |
| 1990 | 18.00% | 14.33% | +3.67% | $9.59B | 7.17% | $2.58B | - |
| 1989 | 18.00% | 14.71% | +3.29% | $10.82B | 9.32% | $2.19B | - |
| 1988 | 14.50% | 12.80% | +1.70% | $7.97B | 7.71% | $2.20B | - |
| 1987 | 9.50% | 16.19% | -6.69% | $6.10B | 5.77% | $3.46B | - |
| 1986 | 9.50% | 18.66% | -9.16% | $5.99B | 7.55% | $2.25B | - |
| 1985 | 13.00% | 16.26% | -3.26% | $5.25B | 9.12% | $1.90B | - |
| 1984 | 20.75% | 11.50% | +9.25% | $5.55B | 8.79% | $2.51B | - |
| 1983 | 17.75% | 12.35% | +5.40% | $6.88B | 7.66% | $3.79B | - |
| 1982 | 13.50% | 14.67% | -1.17% | $7.35B | 8.69% | $3.94B | - |
| 1981 | 13.50% | 15.28% | -1.78% | $8.92B | 10.45% | $4.36B | - |
| 1980 | 7.00% | 13.65% | -6.65% | $10.50B | 10.90% | $7.89B | - |
| 1979 | - | 13.27% | - | $6.79B | 10.32% | $5.57B | - |
| 1978 | - | 11.12% | - | $4.45B | 8.60% | $2.64B | - |
| 1977 | - | 11.16% | - | $4.06B | 8.80% | $2.02B | - |
| 1976 | - | 11.03% | - | $3.54B | 8.85% | $2.13B | - |
| 1975 | - | 12.59% | - | $3.14B | 8.85% | $2.98B | - |
| 1974 | - | 11.56% | - | $2.38B | 6.39% | $3.78B | - |
| 1973 | - | 9.58% | - | $2.60B | 8.18% | $2.58B | - |
| 1972 | - | 6.48% | - | $1.74B | 7.54% | $1.77B | - |
| 1971 | - | 5.66% | - | $1.70B | 8.23% | $0.78B | - |
| 1970 | - | 4.09% | - | $1.72B | 8.91% | $1.06B | - |
| 1969 | - | 3.23% | - | $1.73B | 9.85% | $1.40B | - |
| 1968 | - | 2.01% | - | $1.99B | 12.63% | $1.72B | - |
| 1967 | - | 3.49% | - | $1.08B | 7.58% | $0.78B | - |
| 1966 | - | 3.56% | - | $1.12B | 8.71% | $0.83B | - |
| 1965 | - | 4.02% | - | $0.86B | 7.35% | $0.60B | - |
| 1964 | - | 2.55% | - | $0.91B | 8.27% | $0.71B | - |
| 1963 | - | 1.27% | - | $0.85B | 8.52% | $0.77B | - |
| 1962 | - | 1.28% | - | $0.69B | 7.59% | $0.65B | - |
| 1961 | - | 2.18% | - | $0.68B | 7.98% | $0.39B | - |
| 1960 | - | 1.21% | - | $0.68B | 8.40% | $0.27B | - |
| 1959 | - | 1.15% | - | $0.60B | - | - | - |
| 1958 | - | 3.51% | - | $0.66B | - | - | - |
| 1957 | - | 2.97% | - | $0.61B | - | - | - |
| 1956 | - | 1.90% | - | $0.65B | - | - | - |
| 1955 | - | 3.14% | - | $0.63B | - | - | - |
| 1954 | - | 1.85% | - | $0.55B | - | - | - |
| 1953 | - | 3.54% | - | $0.52B | - | - | - |
| 1952 | - | 8.68% | - | $0.52B | - | - | - |
| 1951 | - | 7.37% | - | $0.59B | - | - | - |
| 1950 | - | 3.99% | - | $0.53B | - | - | - |
| 1949 | - | 3.71% | - | $0.45B | - | - | - |
| 1948 | - | 5.74% | - | $1.18B | - | - | - |
| 1947 | - | 4.16% | - | $0.93B | - | - | - |
| 1946 | - | 1.47% | - | $1.21B | - | - | - |
| 1945 | - | 2.63% | - | $0.96B | - | - | - |
| 1944 | - | 3.58% | - | $0.82B | - | - | - |
| 1943 | - | 6.08% | - | $0.66B | - | - | - |
| 1942 | - | 8.40% | - | $0.45B | - | - | - |
| 1941 | - | 4.60% | - | $0.36B | - | - | - |
| 1940 | - | 3.52% | - | $0.27B | - | - | - |
| 1939 | - | -0.09% | - | $0.23B | - | - | - |
| 1938 | - | 3.62% | - | $0.22B | - | - | - |
| 1937 | - | 2.39% | - | $0.26B | - | - | - |
| 1936 | - | 0.30% | - | $0.27B | - | - | - |
| 1935 | - | -0.56% | - | $0.26B | - | - | - |
| 1934 | - | 1.41% | - | $0.25B | - | - | - |
| 1933 | - | -2.60% | - | $0.15B | - | - | - |
| 1932 | - | -4.49% | - | $0.08B | - | - | - |
| 1931 | - | -3.70% | - | $0.10B | - | - | - |
| 1930 | - | -2.33% | - | $0.10B | - | - | - |
| 1929 | - | -0.32% | - | $0.10B | - | - | - |
| 1928 | - | 0.13% | - | $0.10B | - | - | - |
| 1927 | - | 0.55% | - | $0.10B | - | - | - |
| 1926 | - | -1.50% | - | $0.08B | - | - | - |
| 1925 | - | -0.39% | - | - | - | - | - |
| 1924 | - | 1.36% | - | - | - | - | - |
| 1923 | - | -2.93% | - | - | - | - | - |