SARB Monetary Policy Review, May 2007

The South African Reserve Bank published its Monetary Policy Review for May 2007 on Tuesday 15 May. South Africa's targeted inflation should remain within its range, but the target could be threatened by adverse developments and a poor response to past monetary tightening, according to the report.

"Although inflation has remained within the 3% to 6% target range ... and the inflation outlook initially improved in 2007, the perceived medium- to long-term risks to the inflation outlook have

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