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Sa Reserve Bank Forms P65

Sa Reserve Bank Forms P65

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Instructions and help about Sa Reserve Bank Forms p65

[Music] what does the south african reserve bank do the reserve bank works to protect the value of the rand and makes sure that the prices of everyday goods and services don't go up or down by too much why is price stability important well when people earn less money or worry about the money that they will have in the future they spend less today this can lead to a drop in prices and a slowdown in production of gold the result a smaller slower growing economy when people make more money and are confident about the future they are likely to spend more today [Music] if prices go up too quickly the money you have today won't be worth as much tomorrow and will buy you much less than today you'll lose trust in the value of money the reserve bank aims to protect the value of the money in your pocket in the interest of balanced and sustainable growth sometimes it does this by raising or lowering the cost of borrowing money it also regulates commercial banks to safeguard the money in your bank

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