South Africa : Staff Report for the 2005 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

September 19, 2005

Electronic Access:

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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. 05/346

Subject:

English

Publication Date:

September 19, 2005

ISBN/ISSN:

9781451966817/1934-7685

Stock No:

1ZAFEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

67

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