The South African Reserve Bank will be hosting the first round of regional monetary policy forum (MPF) meetings in May 2008.
“Monetary policy has an impact on everybody. The main objective of the MPF meetings is to enhance the transparency of the bank’s monetary policy decision-making process and accountability to the public.
“The meetings provide a platform for public discussions on monetary policy and general economic developments,” said the Reserve Bank in a note posted on its website.
The bank is targeting civic and community organisations; academic institutions; professional fraternities; the labour movement; the business community; small, medium and micro enterprises; national and provincial governments and legislatures; and general members of the public who have an interest in economic developments.
This notice comes a day after the central bank’s monetary policy committee increased the repo rate by 50 basis points to a lukewarm response from some quarters and more biting responses from consumers. — I-Net Bridge