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 — July 2021 Report

08 July 2021

Latest data up to end-May 2021, show that financial conditions have tightened slightly more.

South Africa Financial Conditions Index — June 2021 Report

07 June 2021

Latest data up to end-April 2021, show that financial conditions have started to tighten over the past few months.

South Africa Financial Conditions Index — May 2021 Report

11 May 2021

Latest data up to end-March 2021, show that financial conditions have eased significantly since early 2020, although there has been a slight tightening in March 2021.

South Africa Financial Conditions Index — April 2021 Report

12 April 2021

Latest data up to end-February 2021, show that financial conditions have eased significantly since late 2019 / early 2020, although there has been a slight tightening compared with the previous 8 months.