The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) is responsible for setting the country's monetary policy to ensure price stability and support economic growth. Its primary goal is to keep inflation within a target range, usually 3-6%, by adjusting the repo rate, which influences borrowing costs and economic activity.
The MPC meets regularly to assess economic conditions and make decisions based on factors like inflation, GDP growth, and global trends. Its decisions impact interest rates, the currency, and overall economic confidence. The committee operates independently from the government, ensuring decisions are based on economic data rather than political pressures, which is crucial for maintaining credibility and stability.
The Monetary Policy Committee (MPC) press briefing dates for 2025 are now available. The MPC meets six times yearly to decide on the policy rate, aiming to keep inflation within the 3 to 6% target range. For more information, go to www.resbank.co.za
PhD, CA(SA) - professor in Department of Finance and Tax at University of Cape Town
2wYield curve forecasts only 25 bps in January based on short-end. Weird thing is that curve is now steeper than a month ago probably indicating that SA is higher risk than a month ago.