South Africa restructures policy committee
The monetary policy committee has been restructured to include seven members and now comprises Tito Mboweni, SARB Governor; Gill Marcus, Deputy Governor; Dr XP Guma, Deputy Governor; Dr Ernie van der Merwe, Chief Economist and Head of Research; Dr Bernie de Jager, Senior Deputy Chief Economist; Brian Kahn, Deputy Chief Economist and Head of the Monetary Policy Research Unit; and Bertus van Zyl, Advisor to the Governors.
The MPC's secretary was Zodwa Matsau, Secretary of the SARB, the bank said in a statement. The MPC will continue to meet over two-day sessions during the year, as was the case last year.
The first day of each meeting will consist of an information session, in which a number of senior staff members will be invited to participate and deliver presentations on recent economic and financial developments in South Africa and internationally.
On the second day, the MPC members will meet among themselves to deliberate on the monetary policy stance, after which a short statement will be issued.
The MPC will meet on the following dates this year: 13 March and 14; 12 June and 13; 11 September and 12 and 27 November and 28.
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