Monetary Policy Committee
E633123
The Monetary Policy Committee is the body within the South African Reserve Bank responsible for setting the country’s interest rates and guiding overall monetary policy to achieve price stability.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Monetary Policy Committee canonical | 1 |
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
decision-making body
ⓘ
monetary policy committee ⓘ |
| analyzes |
domestic economic conditions
ⓘ
global economic conditions ⓘ growth outlook ⓘ inflation outlook ⓘ |
| announcesDecisions | publicly after each meeting ⓘ |
| chairedBy | Governor of the South African Reserve Bank ⓘ |
| communicatesWith |
financial markets
ⓘ
the public ⓘ |
| country | South Africa ⓘ |
| currency | South African rand NERFINISHED ⓘ |
| currencyArea | South African rand area NERFINISHED ⓘ |
| decisionRule |
collective decision-making
ⓘ
voting on interest rate decisions ⓘ |
| goal |
anchoring inflation expectations
ⓘ
price stability ⓘ supporting balanced and sustainable economic growth ⓘ |
| hasAbbreviation | MPC NERFINISHED ⓘ |
| includesMembers |
Deputy Governors of the South African Reserve Bank
NERFINISHED
ⓘ
Governor of the South African Reserve Bank ⓘ selected senior officials of the South African Reserve Bank ⓘ |
| inflationTargetRange | 3–6 percent ⓘ |
| legalBasis | South African Reserve Bank Act NERFINISHED ⓘ |
| location | Pretoria NERFINISHED ⓘ |
| meets | regularly according to a pre-announced schedule ⓘ |
| monitors |
exchange rate developments
ⓘ
financial stability risks ⓘ |
| parentOrganizationType | central bank ⓘ |
| partOf | South African Reserve Bank NERFINISHED ⓘ |
| policyFramework | inflation targeting ⓘ |
| policyObjective |
contributing to financial stability through interest rate policy
ⓘ
maintaining inflation within the target range ⓘ |
| primaryResponsibility |
guiding monetary policy in South Africa
ⓘ
setting interest rates in South Africa ⓘ |
| publishes | monetary policy statements ⓘ |
| regionServed | Republic of South Africa NERFINISHED ⓘ |
| reportsTo | South African Reserve Bank Board (on monetary policy matters) NERFINISHED ⓘ |
| sector | central banking ⓘ |
| timeHorizonForPolicy | medium term ⓘ |
| typeOfOrganization | public institution body ⓘ |
| usesPolicyInstrument |
repo rate
ⓘ
short-term interest rates ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
South African Reserve Bank