Economics Monetary Policy Questions
The role of the Central Bank of South Africa, also known as the South African Reserve Bank (SARB), in monetary policy in South Africa is to maintain price stability and promote sustainable economic growth. The SARB is responsible for formulating and implementing monetary policy decisions, which include setting interest rates, managing the money supply, and conducting open market operations. Additionally, the SARB monitors and regulates the banking sector to ensure financial stability and oversees the issuance of currency in the country.