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The Johannesburg Interbank Average Rate [1] (JIBAR) is the money market rate, used in South Africa. It is calculated as the average interest rate at which banks buy and sell money. This rate is calculated daily by the South African Futures Exchange as the average prime lending rate quoted independently
interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April 2020 [5] 4.14 ...
The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [1] and a primary measure that determines national interest rates.
(Bloomberg) -- South Africa’s central bank unexpectedly cut its benchmark interest rate to a record low to support an economy that’s projected to slump even deeper into recession after the ...
By 2009 South Africa's debt to GDP ratio dropped to 28% from 34.6% in 2006. [12] South Africa's debt grew between 2008 and 2012 as the country prepared for the 2010 FIFA World Cup [13] and run a countercyclical fiscal policy in response to the financial crisis of 2007-2008 [14] and the 2020 COVID-19 pandemic. This increased the debt to GDP ...
The Federal Reserve increased interest rates to combat inflation, causing CD rates to surge — they started at around 4% in 1971 and reached nearly 13.5% by the end of 1979. The 1980s
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. [53] Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, [54] compared to world growth of 3.1% over the same period.
[12] In 2014, South Africa experienced its worst year against the US dollar since 2009, [13] and in March 2015, the rand traded at its worst since 2002. [13] At the time, Trading Economics released data that the rand "averaged R4.97 to the dollar between 1972–2015, reaching an all time high of R12.45 in December 2001 and a record low of R0.67 ...