SARB Monetary Policy Review - October 2002

REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.

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Introduction

Over the past few months inflation pressures in South Africa continued to increase unabatedly. Initially these pressures emanated from the sharp depreciation of the exchange rate of the rand in the second half

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