​The South African Reserve Bank (SARB) introduced the current monetary policy operating framework in March 1998 and over the years changes and refinements to the framework have been introduced to maintain and enhance its effectiveness and relevance.In order to provide for instances where the banking sector ends up being long or short cash at the end-of day square-off, because of factors beyond its control, the SARB has decided to re-introduce the supplementary end-of-day auction. The SARB will forthwith, at its discretion and on an exceptional basis, conduct supplementary auctions at the prevailing repo rate. The interest rates on the automated standing facility will remain unchanged.This change is operational and does not in any way reflect a change or signaling in respect of the monetary policy stance of the SARB.TheOperational Notice guiding the SARB’s money-market operations is available on the SARB website.Contact:Candice Jeffreys+27 12 313 4209+27 82 0699 421candice.jeffreys@resbank.co.za