SARB's Quarterly Bulletin, September 2005

The South African Reserve Bank has released its September 2005 Quarterly Bulletin. According to the latest Bulletin, global economic activity lost some of its earlier vigour in the first half of 2005, but still maintained a sturdy and probably more sustainable pace of growth so far in the current year.

The intensity of policy stimulation feeding through to the world economy was gradually reduced by rising policy interest rates in the United States and a number of other countries. Simultaneously

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