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.


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

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

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

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

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

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

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South Africa Financial Conditions Index (Monthly Report) - 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.

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

Since mid-2016 up to March 2018, conditions have tightened considerably, although some easing have occurred in the third quarter.

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

Latest data up to February 2019 show that conditions have been tightening again since late 2018.

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

Latest data for December 2018 show that conditions have been tightening since September.

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

Latest data for December 2018 show that conditions have been tightening since September.

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

Latest data for November 2018 show that conditions have tightened slightly further since September.

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South Africa Financial Conditions Index (Monthly Report) - December 2018

Latest data for October 2018 show that conditions have remained more or less at the previous months’ values.

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