Macro Analysis /
South Africa

New South Africa Reserve Bank framework to improve transmission efficiency

  • The SARB is looking to implement a "tiered-floor" liquidity management framework

  • Will shift the onus of liquidity management onto banks themselves

  • Will allow for an acceleration of the SARB's reference rate reform

Lloyd Miller
Lloyd Miller

Head of Developed Markets and Latin America Research

ETM Analytics
1 December 2021
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