IMF Staff Country Reports

South Africa: Staff Report for the 2005 Article IV Consultation

September 19, 2005

Download PDF

Preview Citation

Format: Chicago

South Africa: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed October 12, 2024

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.

Subject: Banking, External debt, Health, Inflation, Inflation targeting, Labor, Prices, Public debt

Keywords: Africa, CPIX inflation, CR, Deficit, GDP, Global, Increase monetary policy effectiveness, Inflation, ISCR, Market share, Monetary policy, Show real GDP growth, Southern Africa, Supply-side GDP data, U.S. dollar

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2005/346

  • Stock No:

    1ZAFEA2005002

  • ISBN:

    9781451966817

  • ISSN:

    1934-7685