The framework for financial co-operation within SADC In terms of the bottom-up approach, the Committee of Governors kicked-off its work programme by exchanging views on the nature, structure and functions of each central BIS Review 52/1997  -4-  bank in the region.
The measure taken this time aims at encouraging a decline in longer-term interest rates by influencing the market expectations on short-term interest rates developments through clarifying the Bank’s ideas of policy conduct, which has significant effects on the formulation of short-term interest rates.