P/E/257. Dissertation. Monetary policy in South Africa: case study of SA Reserve Bank

The dissertation presents an overview of the South African monetary policy tracing its development to the present day and analysing the policy of the South African Reserve Bank (SARB) with the emphasis on repo rate as the main instrument against inflation. A comprehensive review of literature provides information on the theory of monetary policy; the history of monetary policy in South Africa; repurchase system of accommodation; inflation-targeting monetary policy of SARB; interbank market development; modifications in SARB refinancing system, etc. The research methods include descriptive analysis of quantitative data, secondary data interpretation, econometric methods of tests and cointegration analysis. Recommendations are made for SARBs monetary authorities about how to improve the repo system of accommodation.