Monetary Policy

The monetary sector represents the world of money. Money is the oil that enables the rest of the economy to function. The monetary authority is independent of government, which allows demand and supply factors the freedom to function fast and efficiently, without any underlying political motives. The monetary authority consists mainly of the Reserve bank, which is the banker of the government and other banks. Monetary economics involves the world of money and banking and the variables and instruments that are important here are things like the countries money stock, interest rates, exchange rates and open market operations in the money and capital markets. 

Monetary Policy in South Africa:

Money in South Africa