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The primary objective of the Bank is to promote domestic price stability. The other objectives of the Bank are -
a) to advise the Government on banking, monetary and financial matters, including the monetary
implications of proposed fiscal, credit policies or operations of the Government; and
As at the second quarter of 2014 the Reserve Money target is calculated on a quarterly average basis. For the third quarter of 2016, the quarterly average target is R2,868 million. This is surrounded by a symmetrical three per cent band whereby the upper bound of the band serves as the performance criterion (PC) or indicative target (ceiling).
