The key mandate of the Executive Committee in relation to monetary policy matters is derived from the Bank of Namibia Act, which requires the Bank of Namibia to ensure internal and external monetary stability. By law, the Bank enjoys operational autonomy in its decision-making.
The main objective that the Committee focuses on is the maintenance of the parity of the Namibia Dollar to the South African Rand. However, since the ultimate objective of monetary policy is stable prices, the Committee also keeps a close watch on the inflation rate.