2.4  Concluding remarks  The South African financial system has proved to be relatively resilient in the wake of a volatile and uncertain global environment and some domestic socio-economic concerns; Although the recent conjuncture is uncertain and several challenges remain, the financial system is generally sound. I have briefly highlighted the key issues raised in the Financial Stability Review.
Proceeding cautiously in raising the federal funds rate will allow us to keep the monetary support to economic growth in place while we assess whether growth is returning to a moderate pace, whether the labor market will strengthen further, and whether inflation will continue to make progress toward our 2 percent objective.