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Publication Details

Title :
Notice: Bank quotas as of July 2022
Published Date:
2022-07-25
Last Modified Date:
2022-07-25, 05:27 PM
Category:
Notices > General Notices | Financial Markets > FMD-Notice

For the SARB’s reformed monetary policy implementation framework (MPIF), banks are permitted to earn the repo rate on deposits of excess reserves at the SARB. Banks have quotas, and only balances within these quotas earn the repo rate. Balances in excess of quotas earn repo less 100 basis points. The table below shows quotas for 20 July onwards.

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Attachments:
Notice: Bank quotas as of July 2022.pdf