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Publication Details

Title :
Notice: Revisions to bank quotas - 31 October 2023
Published Date:
2023-10-31, 07:00 AM
Last Modified Date:
2023-10-30, 02:56 PM
Category:
Notices > General Notices | Financial Markets > FMD-Notice

The SARB’s monetary policy implementation framework (MPIF) provides banks with quotas for excess bank reserves. All balances within quotas earn the policy rate, while balances above quotas earn repo less 100 basis points.

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Attachments:
Notice: Revisions to bank quotas - 31 October 2023.pdf