Today’s post by Jacques Quass De Vos measures the extent of monetary policy uncertainty based on news reports in South Africa. The post demonstrates the sensitivity of measures based on word counts by comparing narrow and broader measures, where the latter includes more terms. While these measures are currently elevated, they are not near the historical highs one obtains when looking at how often SARB has been using the word ‘uncertainty’ in its Monetary Policy Reviews over the past two years.
