South Africa's inflation expectations vary widely, posing challenges for monetary policy.
The study looked at how different groups in South Africa predict inflation. They found that analysts' predictions were close to the target set by the government, while businesses and trade unions expected higher inflation. The researchers used data from surveys conducted over several years to reach these conclusions. This suggests that the government has been successful in managing analysts' expectations, but may need to work on aligning the predictions of businesses and trade unions with their goals.