It sets out a goal for inflation, which it specifies as 2%. This goal is fixed over time: there is no policy of aiming for higher inflation when unemployment is high, or vice versa.
6  See ‘Estimating a time-varying Phillip’s curve for South Africa’, South African Reserve Bank Working Paper 16(05), by A Kabundi, E Schaling and M Some, published in May 2016 (http://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/7277/WP1605.pdf). 7 This is according to Congressional Budget Office estimates of the short-term natural rate of unemployment, available from the FRED database (https://fred.stlouisfed.org/series/NROUST).