The final decision-making power on monetary policy matters nevertheless is still vested in the Governor’s Committee, i.e. a subcommittee of the Board comprising the Governor and three Deputy Governors. After the completion of every meeting of the Monetary Policy Committee a statement is issued to the public.
This statement summarises the more important aspects that were discussed at the meeting and the conclusions that were made. In this statement the monetary policy stance of the Reserve Bank is also formulated.