South Africa Financial Conditions Index (Monthly Report & Data)

The Financial Conditions Index is a 4-page monthly overview of the financial conditions as measured by five variables: real interest rates; the yield curve; earnings yields on shares; excess money supply growth; and real effective exchange rate change. The Financial Conditions Index (FCI) can signal overall financial conditions to economic agents, and can serve as rough indicator for the conduct of monetary policy – especially in times of high financial market volatility. The FCI gives a comprehensive view on the financial variables likely to impact on both future inflation and economic activity levels.

South Africa Financial Conditions Index (Monthly Report) - September 2019

09 September 2019

Latest data up to July 2019 show that the easing conditions during March-June halted in July.

South Africa Financial Conditions Index (Monthly Report) - August 2019

08 August 2019

Latest data up to June 2019 show that conditions have eased slightly over the past four months.

South Africa Financial Conditions Index (Monthly Report) - July 2019

12 July 2019

Latest data up to May 2019 show that conditions have again eased since the start of 2019.

South Africa Financial Conditions Index (Monthly Report) - June 2019

11 June 2019

The average value of the FCI over the past 3 months was down by 2% compared with the previous 3 months, while three of the five constituent variables have shown some easing.