With the 1×4 FRA hovering at 7.34% and JIBAR at 7.46%, the market is still positioning itself for a rate cut ahead of next week’s MPC meeting. This week brings three key CPI announcements: the Eurozone is expected to hold steady at 2.2% today; South Africa is expected to remain unchanged at 2.7% on Wednesday; and on the same day, the UK is projected to see a notable increase of 0.7%, from 2.6% to 3.3%.
