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Another turn for interest rate expectations in South Africa this week | SA News

Staff Writer
 ·26 Jan 2026

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Markets are pricing in a higher chance of an interest cut this week, though consensus is still tilted toward a hold.

According to Investec Chief Economist Annabel Bishop, markets are pricing in a 44% chance that the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) will cut rates by 25 basis points on Thursday (29 January).

While this is still below the 50% tilt—meaning views are still that there is a 56% chance of a hold—it reflects a significant shift…

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