Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Click on the button below to get started. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.

The move follows a 50bps rate on May 21st, amid the coronavirus crisis.

The Committee also relaxed regulatory requirements on banks aiming to free up more capital for lending by financial institutions to households and firms. TEForecast It was the 2nd straight rate cut so far this year, bringing borrowing costs to the lowest since December of 2013.
Further monetary policy easing by the Fed has assuaged these concerns. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The MPC could cut to make more credit available to importers to source form alternative markets in a bid to reduce supply-side shortages, Nganga said.The MPC will probably adopt a wait-and see approach and seek to assess how the global pandemic and nosedive in oil prices will affect growth and currency stability in Africa’s biggest economy.“The regulator, in all likelihood, is making the calculation that a bold, immediate move may send panic in the currency and bond markets about the country’s fiscal situation, despite investors slowly pricing in the possibility of a global economic slowdown this year,” said Ikemesit Effiong, head of research at SBM Intelligence. July 23, 2020. The Reserve Bank has in the past said it won’t “Although we have talked about raising interest rates, we are not contemplating emergency hikes of hundreds of basis points, like those recently implemented elsewhere,” Kganyago said in the foreword to Monday’s report.The rand’s real effective exchange rate is forecast to strengthen to just over 14 rand per dollar by the middle of next year, according to the policy review.

In response to the coronavirus, and the damage it is expected to have on the economy, the South African Reserve Bank (SARB) cut the rate by a further 1% on 14 April 2020, after …

Rates lowered.

The move follows a 100bps rate cut in April’s emergency meeting, bringing borrowing costs to its lowest level on record, amid the coronavirus crisis. 1 min read. The currency was 0.6 percent stronger at 14.6386 per dollar by 7:22am Tuesday in Johannesburg.Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.Everything from investing like Warren Buffett to the Audiobiography of Cyril Ramaphosa.Subscribe to our Newsletter to get daily updates on local affairs, with a global context.

The South Africa Reserve Bank slashed its key repo rate by another 100 bps to 4.25% at an emergency meeting on April 14th 2020, after cutting it by 100 bps in the March meeting, to support the economy weakened by a 35-day nationwide lockdown aiming at curbing the spread of Covid-19.

IMF agree with OECD and UN that following year will show the increase of inflation. Now we expect a cut — it has become much clearer in recent days that South Africa will experience substantial disruption from measures to contain its coronavirus outbreak.” – Boingotlo Gasealahwe, Africa economistUnder normal circumstances, a reduction in US interest rates would support a rate cut in Ghana, but the coronavirus presents risks for the West African nation in the form of lower export earnings due to the oil drop and imported inflation.“It is still too early for the central bank to be thinking of cutting rates, I see a hold while Ghana awaits the full impact on the economy,” Agyapomaa Gyeke-Dako, a senior lecturer in economics at the University of Ghana Business School, said by phone.

The official interest rate is the repo rate. The cut was the fifth in a row and brought total easing this year to 300 basis points.Focus Economics Consensus forecast projects the repurchase rate to end 2020 at 3.44% and 2021 at 3.82%.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis.

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