South African Reserve Bank Monetary Policy Review

Country:
South Africa
ZAR, South African rand
Sector:
Money

The SARB publishes a detailed Monetary Policy Review twice a year. By making this information available to general public, the bank aims to help population in understanding the objectives of monetary policy. The report covers domestic and international developments that affect monetary policy steps. In addition to the publication, the Bank officials present the review at economic forums and large centers across South Africa.

The review covers the current global economic developments, global financial risks and state of South African economy. In particular, it presents major economic indicators, such as the GDP, Business Confidence and Consumer Confidence Indices, as well as data on economy growth by sectors. By publishing this information, the Reserve Bank aims to explain measures adopted by the Reserve Bank of South Africa, the established interest rates and prospects for the South African rand. The review also includes the Reserve Bank Governor's previous statements.

It is one of the major publication which provides the most complete information on measures taken by the SARB and an overview of the current economic situation in the country and in the world. Therefore, the release is closely monitored by analysts in South Africa and around the world.