The MPG is a joint public and private sector body that was established by the South African Reserve Bank (SARB) to facilitate decision-making on matters relating to the reform of interest rate benchmarks in our country.
A well functioning common market in East Africa will stimulate competition and help domestic firms to realise economies of scale, thereby raising productivity, which will strengthen our competitiveness on world markets and raise living standards. Domestic firms, which have hitherto concentrated on their domestic markets, will be forced to extend their horizons to the regional market.