Comment: Testing times for the SARB

After almost three years of stable economic conditions, the South African Reserve Bank faces a new challenge. Widely applauded for its sound management of the economy, the central bank now has to show that it can the do the job when the external environment turns against it.

COMMENT BY CENTRALBANKNEWS

The rand has plummeted in recent weeks. It reached R7.22 against the dollar on Wednesday - its weakest level since February 2004. Just five weeks ago a dollar bought you R6. South Africa's currency

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