Nedbank downgrades 2026 GDP outlook, expects rates to hold (opens original article in a new tab)

Nedbank revised down its 2026 GDP outlook to 1.3% and expects interest rates to remain unchanged due to inflation trends, while noting mixed performance across its business segments.

• Nedbank downgraded its 2026 GDP growth forecast to 1.3% from 1.5% due to mixed economic conditions.
• Nedbank expects the central bank to hold interest rates at current levels amid inflation concerns, with inflation peaking at 4.6% in June before easing to 3.2% by year-end.
• Nedbank anticipates stable earnings growth for 2026, supported by share buybacks and strong performance in corporate and investment banking.