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Wordcount: 551
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THE EFFECTS OF CHAGES IN THE SOUTH AFRICAN INTERST RATES AND
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Central banks often have to act or react in response to actual, perceived or anticipated events. Because of the frequent changes of the economy, the South African monetary authorities have increasingly become exposed to several challenges attempting to attain the constancy of domestic price and financial market. Throughout the world, most central bank policy initiatives have been designed to accomplish and maintain price solidity, and the South African Reserve Bank has pursue a similar trend. In this regard, the Bank’s main concern is to protect the value of the currency so as to achieve balanced and sustainable economic growth over the long run. This essay will elaborate on one mechanisms used to perceive inflation and the root of the fluc
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