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.
In line with monetary policies applied in most developed economies, the South African monetary policy model is firmly directed towards the overall objective of creating and maintaining a stable financial environment.