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Big shift for interest rate expectations in South Africa | SA News

Staff Writer
 ·8 Jan 2026

Economists are starting to shift their expectations to an interest rate cut this month, after previously pencilling in a hold through to March 2026.

Markets are widely expecting South Africa’s interest rate cutting cycle to continue this year, with most forecasts projecting at least another 50 basis points of cuts in 2026, followed by another 25 basis points in 2027.

However, while economists agree cuts are coming, the timing is in question.

Following the South African Reserve Bank’s 25-basis-point cut at its final meeting in…

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