South Africa: Staff Report for the 2005 Article IV Consultation

September 19, 2005

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South Africa: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 22, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2005/346
Stock No:

1ZAFEA2005002
ISBN:

9781451966817
ISSN:

1934-7685

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