The Governor of the Reserve Bank is also summoned to appear before the Portfolio Committee on Finance from time to time. In these meetings he usually explains the monetary policy stance to committee members and answers questions on the Bank’s views on financial and economic developments.
Section 37 of the Reserve Bank Act provides further that if at any time the Minister of Finance is of the opinion that the Bank has failed to comply with any provision of the Act or of a regulation made thereunder, he may by notice in writing require the Board of the Bank to make good or remedy the default within a specified time.