Monetary policy and the consumer  The South African Reserve Bank, like central banks in other countries, has a unique position in the economy. The operations of the Bank are governed in terms of the South African Reserve Bank Act, its associated regulations and the Constitution of the Republic of South Africa.
The Act and regulations describe the framework and structure of the Bank, the way in which it is managed and the actions it may take. The Constitution prescribes that the objective of the Bank should be the protection of the currency in the interest of sustainable economic growth and development. The Bank interprets this mandate to be the achievement and maintenance of price stability.