Yesterday, Thursday, 21 May 2009, a dinner meeting was held involving the Governor and Chief Executive Officers (CEO) and one Deputy Chief Executive Officer from the country’s five large banking institutions.
The primary purpose of the meeting was to discuss the spread between repo and the prime lending rates. It was agreed that a technical sub committee would be established to look into the issue and other related matters further and report back to the group as soon as possible. The sub committee is convened by Mr Cas Coovadia (Banking Association South Africa) and Dr Roelf du Plooy (South African Reserve Bank).
Enquiries:
Samantha Henkeman
Tel: 012 313 4669
E-mail: sam.henkeman@resbank.co.za
Issued by: South African Reserve Bank
22 May 2009
Source: South African Reserve Bank (http://www.reservebank.co.za/)
