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