https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Covid-19 News RSS ← Back
Flow|Flow
Flow|Flow
flow-company|flow-industry-term
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

SARB announces new liquidity measures to support banks

Close

Embed Video

SARB announces new liquidity measures to support banks

SARB announces new liquidity measures to support banks
Photo by Bloomberg

20th March 2020

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The South African Reserve Bank (SARB) announced of raft of emergency liquidity measures on Friday, including a lower rate for commercial banks to borrow money from the SARB, in a bid to ease the stress on banks caused by the coronavirus outbreak.

"The Standing Facilities lending rate – the rate at which the SARB provides liquidity to the commercial banks – will be adjusted lower to the repo rate, from the prevailing rate of the repo rate plus 100 basis points," the bank said in a statement.

Advertisement

"This will support banks to facilitate their flow of money market liquidity without being penalised."

To watch Creamer Media's latest video reports, click here
 
Advertisement

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now