Central Banking and Monetary Policy
Understand how central banks design and implement monetary policy and maintain financial stability.
- 5 days
- Classroom · Live virtual · In-house
- Afriskora Certificate of Completion
Course overview
This course covers monetary policy frameworks including inflation targeting, policy transmission, policy instruments and operations, exchange rate regimes, financial stability, and central bank communication, drawing on African central bank experience.
Who should attend
- Central bank staff
- Treasury and finance ministry economists
- Bank treasury and economics teams
- Researchers and analysts
What you will be able to do
- Explain monetary policy frameworks
- Analyse transmission mechanisms
- Understand policy instruments and operations
- Assess exchange rate and financial stability issues
- Communicate policy effectively
Course outline
Day 1Central banking
- • Mandates and independence
- • Central banking in Africa
- • Balance sheets
- • Governance
Day 2Monetary policy frameworks
- • Inflation targeting
- • Monetary aggregates
- • Policy rules
- • Forecasting inflation
Day 3Operations
- • Policy instruments
- • Open market operations
- • Liquidity management
- • Payment systems
Day 4External sector and stability
- • Exchange rate regimes
- • Reserves management
- • Macroprudential policy
- • Systemic risk
Day 5Communication
- • Policy statements
- • Forward guidance
- • Credibility
- • Case study
Frequently asked questions
How long is the Central Banking and Monetary Policy course?
The course runs for 5 days. Daily start and finish times are confirmed in your joining instructions. Live virtual sessions cover the same programme.
Do I receive a certificate?
Yes. Every participant who completes the course receives an Afriskora Certificate of Completion with a unique code that employers can verify online.
Can this course be delivered in-house for our team?
Yes. We can run it at your premises or online for your team, on dates that suit you, and adapt examples and case studies to your sector.
How do I book and pay?
Request dates and we'll send available sessions and a quote. Bookings are confirmed by invoice and paid by EFT. South African clients can include the course in their Workplace Skills Plan.
Related courses
Credit Risk Management
Assess, price and manage credit risk across lending portfolios.
5 daysMacroeconomic Modelling and Forecasting
Build and use economic models and forecasts to support policy and business decisions.
5 daysDigital Banking and Fintech
Understand mobile money, digital banking, payments innovation and fintech regulation in Africa.
3 days