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文章基本信息

  • 标题:Introduction
  • 期刊名称:Annual Economic Report / South African Reserve Bank
  • 印刷版ISSN:0038-2620
  • 出版年度:2006
  • 卷号:1
  • 页码:5-5
  • 出版社:South African Reserve Bank
  • 摘要:The pace of growth in global output reached a peak of 5.1.4 per cent in 2004 and maintained exceptionally robust momentum in the subsequent eighteen months, with real growth remaining marginally below 5 per cent. Although the prices of crude oil and other commodities soared, consumer price inflation increased only marginally in most parts of the world. In order to contain inflation under these circumstances ¨C and recognising the considerable degree of accommodation which had previously characterised monetary policy in a number of the major economies ¨C central banks generally raised their policy interest rates during the past eighteen months.
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