South African Reserve Bank (Sarb)
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
Sarb raises rates 25 basis points as inflation rises
MPC votes by four to one for hike, as inflation nears top of target range
Sarb raises rates for first time in 17 months
MPC splits three to two on vote to increase rates
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Sarb governor urges shift to narrow inflation target
Kganyago says it was a “mistake” to maintain a target band for so long
BIS to work on cross-border CBDC test with four central banks
Australia, Singapore, South Africa and Malaysia will help create shared DLT platforms
The renminbi in focus: reserve managers see promise
Reserve managers see potential in the renminbi and expect the International Monetary Fund to increase its weighting at the next special drawing rights reassessment
The evolution of the renminbi
Central Banking speaks to five policy-makers about their thoughts on the prominence of the renminbi within central bank reserves following its inclusion in the International Monetary Fund’s special drawing rights.
South Africa’s new crypto framework: ‘neither hostile nor friendly’
Risk-based approach will bring crypto operations within South Africa’s regulatory perimeter
Sarb celebrates centenary with virtual ceremony
Tributes were paid by former governors, regional central bank representatives and the heads of the IMF and BIS
Sarb paper questions assumption that government debt is low risk
Banks may need to reduce exposure to sovereign debt instruments as fiscal risk rises
Sarb conducting feasibility study for retail CBDC
Central bank to investigate issuance of a “general-purpose” complement to cash
Should the Fed’s Fima facility be made permanent?
The emergency repo facility reassures reserve managers about access to dollar cash during a breakdown in the US Treasuries market
Sarb projects ‘sharp but incomplete initial recovery’
South African inflation forecast to rise on higher electricity and water prices
APIs could help curb fintech operational risk – Sarb deputy
Data can give firms a competitive edge in South Africa’s financial services market
South Africa to stop cheque payments by 2021
Since August 2019, cheque usage has declined 59%
Kganyago says Sarb needs support from fiscal and macro policy
Governor says monetary policy cannot improve South Africa’s growth alone
South African governor warns against QE
South Africa is not near deflation and QE would harm stability, governor warns
South Africa must reform in return for $4.3 billion aid – IMF
Government must protect smaller banks and outline reform package by October, IMF says
Sarb eases conditions on emergency loan guarantees
South African central bank introduces new loan types to assist uptake of the scheme
Sarb cuts rates as unemployment breaches 30%
Central bank says emerging markets will struggle as lockdown measures ease
Sarb introduces collateral substitution for repos
New framework designed to give banks more flexibility in managing collateral
Sarb’s Kganyago ‘concerned’ over sovereign-bank links
Financial stability report warns banking sector is exposed to overstretched government finances
Sarb carries out fourth consecutive rate cut
Sarb says banks can apply for looser prudential requirements on “case-by-case” basis as it cuts rates to record lows