The Central Bank has a specific framework in place to facilitate timely and efficient monetary policy decision-making. This framework consists of the Monetary Policy Committee (MPC) which is responsible for the development and implementation of monetary policy. It comprises the Governor, Deputy Governor and Senior Manager, Operations. This committee sets the Repo rate, issues the quarterly Monetary Policy Announcement and oversees the publication of the semi-annual Monetary Policy Report. The MPC is supported by the Monetary Policy Secretariat (MPS) which undertakes ongoing analysis of the latest economic and financial information.