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

How this entity was disambiguated

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
currencyArea South African rand area
linked to: South African rand
decisionRule collective decision-making
voting on interest rate decisions
goal anchoring inflation expectations
price stability
supporting balanced and sustainable economic growth
hasAbbreviation MPC
includesMembers Deputy Governors of the South African Reserve Bank
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
location Pretoria
meets regularly according to a pre-announced schedule
monitors exchange rate developments
financial stability risks
parentOrganizationType central bank
partOf South African Reserve Bank
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
linked to: South Africa
reportsTo South African Reserve Bank Board (on monetary policy matters)
sector central banking
timeHorizonForPolicy medium term
typeOfOrganization public institution body
usesPolicyInstrument repo rate
short-term interest rates

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

South African Reserve Bank governingBody Monetary Policy Committee
subject linked to: SARB