SARB's Quarterly Bulletin, March 2005

The South African Reserve Bank released its March 2005 Quarterly Bulletin on 30 March. In the Bulletin the SARB said higher oil prices and buoyant domestic demand are likely to put a floor under South African inflation in the near-term, but other factors will "mitigate" price pressures.

"...A renewed surge in international crude prices at the start of 2005, fairly sizeable increases in certain administered prices and buoyant domestic demand conditions are likely to put a floor under inflation in

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