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) - November 2018

Although the average value of the FCI over the past 12 months is still up by 2.7% compared with the previous 12 months, three of the five constituent variables have declined month-on-month.

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

Although the average value of the FCI over the past 12 months is still up by 2.9% compared with the previous 12 months, four of the five constituent variables have declined month-on-month.

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

Latest data for July 2018 show that conditions have remained tight, albeit with some easing.

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

Latest data up to May 2018 show that conditions remained tight, with the slight easing seen in late 2017 disappearing.

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

Latest data up to March 2018 show that conditions remained tight, with the slight easing seen in late 2017 disappearing.

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

Latest data up to February 2018 show that conditions remained tight, with the slight easing in November disappearing.

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

Latest data up to December 2017 show that conditions remained tight, with the slight easing in November disappearing.

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

Latest data for November 2017 show that conditions remained tight, although a slight easing could be observed since around August.

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South Africa Financial Conditions Index (Monthly Report) - November 2017

Latest data for September 2017 show that conditions retain a slight tightening bias.

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South Africa Financial Conditions Index (Monthly Report) - October 2017

Latest data for August 2017 show that conditions have tightened further.

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