The South African Reserve Bank (Sarb) has proposed a number of changes to the central bank's open market operations, to reduce liquidity mismatches that have been observed following changes to the framework over the past two years.
Prompted by fears that liquidity shortages in money markets were negatively affecting the effectiveness of monetary policy in South Africa, the central bank introduced a number of operational changes to its open-market operations in August 2010 and March 2011.
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