Johannesburg - New global liquidity requirements do not
suggest a need to change South Africa's monetary policy implementation
framework but will have an impact on monetary policy and interest rates,
Reserve Bank Deputy Governor Daniel Mminele said.
"The ... requirements may result in South African banks
reducing their lending, and therefore the availability of credit to the real
economy," Mminele said in a speech posted on the Bank's website on
Thursday.
"This will most certainly have negative consequences
for economic growth and employment creation, which will further reduce
available savings."