SARB's Quarterly Bulletin, December 2005

The South African Reserve Bank has released its December 2005 Quarterly Bulletin. According to the latest Bulletin, the world economy continued to enjoy robust economic growth in the first three quarters of 2005 and is likely to register real growth of almost 4.5 per cent in 2005 as a whole.

At the same time global inflation remained moderate, accelerating only slightly despite oil prices having soared to record levels in the third quarter of the year. In the three months to November, the

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