South Africa Money Supply M3 - Forecast

Money Supply M3 in South Africa is expected to be 3442736.23 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M3 in South Africa to stand at 3546311.32 in 12 months time. In the long-term, the South Africa Money Supply M3 is projected to trend around 3854023.92 ZAR Million in 2020, according to our econometric models.


Forecast Data Chart
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South Africa Money Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 6.5 6.5 6.75 6.75 6.75 7.5
Interbank Rate 7.01 7.01 7.26 7.26 7.26 8.01
Money Supply M0 248450 251040 254062 257101 260418 292765
Money Supply M1 1643044 1640244 1636058 1635065 1633568 1632840
Money Supply M2 2703946 2682429 2659587 2648259 2640025 2629310
Money Supply M3 3407237 3442736 3477878 3512401 3546311 3854024
Banks Balance Sheet 5294383 5235195 5288696 5341784 5394382 5894281
Foreign Exchange Reserves 50511 50583 49544 50611 50612 50645
Loans to Private Sector 3550866 3591760 3635609 3679636 3722905 4106129
Deposit Interest Rate 7.25 7.25 7.5 7.5 7.5 8.25
Lending Rate 10 10 10.25 10.25 10.25 11
Central Bank Balance Sheet 739906 772724 813000 769771 769803 977000