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Why A Monetary Policy Committee Is The Best Decision-Making Structure

There is very little to disagree about the desirability of transitioning from the current decision process to that of a Monetary Policy Committee, imparting as it does a greater diversity of views, specialised experience and independence of opinion. In addition, in line with the philosophy of FSLRC, process is at the centre of the change, and is one of the key reasons behind the formation of an MPC. The controversy which was generated related to the composition of the MPC's members.