Governor Lesetja Kganyago is expected to deliver the decision of the Monetary Policy Committee (MPC) on interest rates, on Thursday, 29 January, at 15:00.
The exchange rate looks favourable, oil prices are relatively lower, driven by lower inflation.
The South African Reserve Bank (SARB) said in an update, annual headline inflation, was at 3,2% in 2025, compared to 4,4% in 2024.
Meat prices rose slightly to 3.6% due to foot-and-mouth disease.
Rhys Dyer, CEO of Ooba, wrote early indicators point to 5 trends defining South Africa’s housing landscape in 2026: First time buyers and mid income buyers of houses are beginning to be accommodated in other provinces, in addition to Gauteng and KwaZulu-Natal.
Dyer also wrote that “lower interest rates are expected to stabilise demand further, with additional cuts anticipated should inflation hold firm, thanks to the SARB’s newly adopted 3% target.”
Economists from Nedbank, Morgan Stanley and Goldman Sachs, project inflation could near the SARB’s target at 3,2%.
The press conference will be live-streamed on Facebook: https://bit.ly/FB_SARBMPCJan26.