Answer to Question #214129 in Economics for Paballo

Question

Which one of the following authorities is responsible for the monetary policy?

[1] The South African Reserve Bank (SARB)

[2] Republic of South Africa’s treasury department

[3] South African Revenue Services (SARS)

[4] Statistics South Africa (STATSSA)

Answer 1

The South African Reserve bank is responsible for the formulation and implementation of monetary policy in South Africa. So, the correct answer is [1].