# Central Banking and Monetary Policy

> Understand how central banks design and implement monetary policy and maintain financial stability.

- **Provider:** Afriskora Training Solutions
- **Category:** Banking, Economics & Monetary Policy
- **Duration:** 5 days
- **Formats:** classroom (cities across Africa), live virtual (Zoom/Teams), in-house for teams
- **Certificate:** Afriskora Certificate of Completion, verifiable online
- **Booking:** request dates and a quote; invoice and EFT payment
- **Web page:** https://afriskora.co.za/courses/banking-economics/central-banking-monetary-policy
- **Request dates:** https://afriskora.co.za/request-training?course=central-banking-monetary-policy

## 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

## Learning outcomes

- 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 1: Central banking

- Mandates and independence
- Central banking in Africa
- Balance sheets
- Governance

### Day 2: Monetary policy frameworks

- Inflation targeting
- Monetary aggregates
- Policy rules
- Forecasting inflation

### Day 3: Operations

- Policy instruments
- Open market operations
- Liquidity management
- Payment systems

### Day 4: External sector and stability

- Exchange rate regimes
- Reserves management
- Macroprudential policy
- Systemic risk

### Day 5: Communication

- Policy statements
- Forward guidance
- Credibility
- Case study