Furthermore, the Office for Banks remains mindful of the need for banks to ensure that the objectives of the Financial Services Black Economic Empowerment Charter are met. For the Charter to succeed, co-operation by all stakeholders is a necessity, and the South African Reserve Bank will continue to support and assist banks in meeting their objectives.
Our monetary policy response to the pandemic shock To counter the effects of the pandemic shock as expected in our baseline scenario, we have adopted a package of appropriate, proportionate and complementary measures. These measures are showing their effect and aim to safeguard medium-term price 1/3  BIS central bankers' speeches  stability.