In recent weeks, and in particular since the upward revision to the deficit and debt projections in the Medium Term Budget Policy Statement, the sell-off in both the local currency and domestic bonds is a much clearer indication of investors‟ nervousness about South Africa‟s rising economic and fiscal risks as we draw the curtain on 2017 and move towards 2018.
It also decided to increase the maximum amount of its fund-provisioning to each financial institution from 150 billion yen to 1 trillion yen. Under these facilities, financial institutions will be able to borrow funds at a fixed rate of 0.1 percent per annum for four years.