South Africa: Staff Report for the 2005 Article IV Consultation
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Summary:
South Africa’s 2005 Article IV Consultation reports that the short-term outlook is broadly favorable, with the main risks arising from a possible worsening of the external environment. The authorities plan to maintain a flexible exchange rate, and to intervene in the foreign exchange market only to accumulate international reserves when market conditions are favorable. The banking system is sound, and short-term vulnerabilities appear limited. Some pressures could arise from banks’ large mortgage portfolio carrying variable interest rates.
Series:
Country Report No. 2005/346
Subject:
Banking External debt Health Inflation Inflation targeting Labor Prices Public debt
English
Publication Date:
September 19, 2005
ISBN/ISSN:
9781451966817/1934-7685
Stock No:
1ZAFEA2005002
Pages:
67
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