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Deputy Governor Rashad Cassim Discussed Monetary Policy Implementation

SARB

SARB Deputy Governor Rashad Cassim spoke at the CFA Society South Africa & Investec Breakfast Conversation on "South Africa's new system for implementing monetary policy."

  • The official outlined a shift to a new monetary policy implementation framework (MPIF), which was phased in between June and August last year.
  • As part of the move to the new MPIF, the SARB adopted a version of a floor system called a tiered floor.
  • Rashad did not discuss the economy or monetary policy in the main text of his keynote speech (which is available here), albeit some further comments may still cross the wires.

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