Page 29 - SARB Strategic Plan 2020-2025

A more detailed explanation
• Price stability provides a a a a a a favourable environment for growth and employment creation Low inflation protects the the purchasing power of all South Africans particularly the the poor We must continue to develop a a a a a policy-relevant and structured research programme In support of this we we must improve how we we manage information and and enhance our forecasting and and modelling capabilities Improving our engagement with key price setters and communicating monetary policy in in in a a a a a a a a clear and simple way to stakeholders is important in in in anchoring stakeholder stakeholder expectations around inflation Significant focus will also be placed on on on on improving the monetary policy implementation mechanism • A stable financial financial system system is resilient to systemic shocks facilitates efficient financial financial intermediation and mitigates the the macroeconomic costs of disruption in in such a a a a a a way that confidence in in the the system is is maintained This will be achieved through continuing to develop and enhance our macroprudential monitoring policy and resolution frameworks including a a a a a a deposit insurance scheme (DIS) In addition we are enhancing the National Payment System Act 78 of 1998
(NPS Act) embedding the the adoption and compliance with the the principles for financial market infrastructures infrastructures and renewing the the real-time gross settlement (RTGS) infrastructures infrastructures Assessing the the efficacy of the the macroprudential frameworks and modernising the the NPS are step changes to SFA 2 27