SARB Financial Stability Review, September 2006

The South African Reserve Bank published the September 2006 edition of its Financial Stability Review on 10 November. In its latest report the SARB said the volatility of South Africa's rand could be negative for long-term growth, but for now the currency's recent fluctuation should not upset financial stability.

In its latest financial stability review, the bank also repeated its concern about high levels of household debt, possibly signalling more interest rate hikes are imminent, since the

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