Money-market rates have been moving higher since the start of 2014 with the 12m JIBAR rising from 6% in early January 2014 to 7.53% at the end of June 2015. This rise was considerably steeper than the 75 basis points increase in the repo rate over this period. The upward movement in money market rates was mainly attributable to a deterioration in inflation expectations which was exacerbated by the steep decline in the exchange rate of the rand.
South Africa Money and Credit Markets (Quarterly Report) - October 2015
November 03, 2015
Subscribers to EasyData can download the complete PDF report on www.easydata.co.za.
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