Good decision making Processes Our principles of good governance have directly influenced the policy-setting process of the MPC.10 This is a process that has been designed with consensus-based decision making front and centre, consistent with the agreement with the Minister of Finance.11 Figure 3: The structure of the forecast week for quarterly Monetary Policy Statements  Day 1  Day 2  Day 3  Day 4  Day 5  Day 6  Day 7  Staff present recent developments, issues, and risks.
Staff present outlook and strategy. MPS discusses risks and external messages. MPC discusses strategy and tactics. MPC decides on strategy and tactics. MPC finalises risks and external messages. MPC decides level and direction of policy instrument. MPS release. Information pooling. MPC deliberations. MPC decision making.