South Africa : Staff Report for the 2005 Article IV Consultation

1ZAFEA2005002 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45196-681-7
Stock #: 1ZAFEA2005002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Interest rate policy , Monetary policy




More publications in this series: IMF Staff Country Reports