In South Africa, the interest rates decisions are taken by the South African Reserve Bank’s Monetary Policy Committee (MPC). The official interest rate is the repo rate. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an ...
JOHANNESBURG (Reuters) - South African banks report their half-year earnings from Tuesday, with the focus on whether credit impairments have peaked and on the interest rate outlook, with rates expected to fall in September for the first time since July 2020. Monetary policy has...
The banks’ solid pre-impairment performance continued improving in 2023, benefitting from higher interest rates. Profitability prospects are adequate for 2024. We expect gradual policy-rate cuts (likely in 2H24) to translate into lower net interest margins, while earnings should benefit ...
Kenyan banks resist interest rate cuts despite Central Bank push The failure to lower interest rates in tandem with the Central Bank Rate (CBR) risks hurting Kenya’s economic growth. Back on track? Transnet Freight to allow third-party operators to break South Africa’s logjam An increased ...
Ledwaba, ReabetsweMokatsanyane, DannyFerreira-Schenk, Sunévan Rensburg, Johnny JansenSgammini, RuschelleActa Universitatis Danubius: conomica
According to the Sarb, the “Monetary Policy Committee (MPC) makes decisions on interest rates, and the [monetary policy implementation framework (MPIF)] is the mechanism through which these decisions are made effective and transmitted through the South African economy. ...
The domestic and global operating environments, and, elsewhere in Africa, sovereign debt sustainability risks, continue to challenge South African banks’ domes
which are often made at supermarket till points. Many banks are consolidating and closing underserved branches and ATMs. Demand for credit is rising, and rising inflation and interest rates are placing consumers under...
Food Source: Consumer Price Index (2009–2016), Stats SA Housing and utilities Transport 2.4.6 Interest rates The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) sets the repurchase rate, a short-term interest rate at which the Bank lends money to commercial banks. ...
Today, the Johannesburg Interbank Average Rate (JIBAR) is used as the benchmark for short-term interest rates in the South African markets. It is determined as an average of the borrowing and lending rates indicated by a number of local and international banks. JIBAR is calculated as a yield...