POLICY uncertainty in South Africa eased in the third quarter after better-than-expected economic growth data and as inflation eased to within the central bank’s target range.
The Policy Uncertainty Index compiled by the North-West University Business School fell to 71.8 in the three months through September, from a record 76.2 in the second quarter, the institution said in a statement on Monday. The baseline for the index is 50.
Uncertainty diminished after data showing the economy expanded by a better-than-expected 0.6% in the second quarter and inflation eased to 5.4% in June — within the central bank’s 3%-6% target range. moneyweb.co.za