Although the De Kock Commission’s final report on monetary policy was submitted in May 1985, it was only since 1986, when money supply targets were first introduced, that the implementation of the model took its course. Indeed, full implementation only came about after the untimely death of Gerhard de Kock in August 1989.
The pandemic meant that the Board was unable to meet in Perth for some time, but it is very good to be back in your beautiful city. Thank you very much for joining us tonight. The Board met this morning at our offices on St Georges Terrace.