The Policy, Market Operations and Statistics Division (PMOSD) came into being following the restructuring and manpower enhancement of the Monetary Analysis and Statistics Division (MASD) to best befit its new role within the Bank. Following this restructuring, the division will be providing a greater scope geared towards research, duties specialisation and updates to comply with modern standards in central banking.
PMOSD is responsible for carrying out three functions, divided into three units. The Policy and Research Unit has the role of policy formulating and to carry out economic research and analysis, whist Market Operations is responsible for administering and executing the market operations of the Bank. The Statistics Unit offers its support through the provision, compilation and dissemination of
statistics
and other relevant information.
(a) Policy and Research Unit
The Policy and Research Unit is the economic intelligence unit of the Central Bank and the key objectives of the unit is to play a pivotal role in the formulation monetary and exchange rate policies and act as advisor to the Bank on economic as well as financial matters. It is subdivided into four sections, made so due to prevailing circumstances under which the economy is to be brought under analysis and where necessary apply a holistic approach to any issue at hand.
The sub-divisions are;
i) Monetary Policy
ii) EXternal Sector Policy
iii) International Relations
iv) Publications
