On a seasonally adjusted annualised basis, the rate of inflation declined to 4.1 per cent in the fourth quarter of 1997.
BIS Review 15/1998  -4-  Against the background of the relatively successful financial consolidation process of 1997 and the progress made during the course of the year towards reaching overall financial stability, it is understandable why the turmoil in the international currency markets after the East Asian crisis only had a limited effect on the South African situation.