Investec Investec Focus Radio SA

NOW Ep124: A crude awakening for inflation?

Loading player...
Interest rate cuts were meant to define 2026. Now, markets are bracing for hikes. In this episode of No Ordinary Wednesday, Investec’s Chief Economists Annabel Bishop and Phil Shaw examine how the energy shock is forcing central banks to reconsider their path. From London to Pretoria, policymakers face a familiar dilemma: tighten into slowing growth, or risk letting inflation take hold. Guest host Neo Ralefeta explores the implications for global growth and what it means for South Africa, from currency volatility to fuel supply risks and consumer costs.

Read more on www.investec.com/now
Chapters
  • 00:00 Introduction
  • 01:42 How has the Middle East conflict changed the global macroeconomic landscape?
  • 03:28 What’s the difference between the 2022 oil price shock and now?
  • 04:36 Other commodities that should concern the global economy?
  • 05:27 What is the immediate impact of the Middle East conflict on SA’s economy?
  • 07:21 What happens if the war ends today?
  • 09:51 What if the war doesn’t last a few weeks?
  • 11:19 How do central bankers respond to stagflation environment?
  • 12:36 Could there be divergent responses from central banks?
  • 15:24 SA focus on consumers, business and government
  • 20:25 What is the single biggest risk to the global economic outlook?
  • 21:10 What can consumers and businesses look forward to in the future?
31 Mar English South Africa Business · Investing

Other recent episodes

Everything Counts | Episode 47: How to invest during economic uncertainty

When markets feel uncertain, the hardest part isn’t the volatility, it’s knowing how to respond. In this episode of Everything Counts, chief investment strategist of Investec Wealth & Investment International Chris Holdsworth breaks down how to think about investing during uncertain times, and why behaviour often matters more than market…
19 May 18 min

Macro Monday Ep115: Growth comes with inflation

While inflation is rising around the world – largely as expected – there are few signs of ‘stagflation’ (rising prices alongside slowing growth). However, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, GDP growth in the US and across Europe have been robust.
18 May 7 min

Investec Minds ep1: Stephen Koseff on building capital, culture and country

Introducing Investec Minds, a new video podcast series from Investec Focus Radio SA. In each episode, Equity Research analysts from Investec Corporate and Investment Banking sit down with former CEOs to unpack the decisions that shaped their industries, the lessons they’ve learned, and how they see the future unfolding. In…
12 May 30 min

Macro Monday Ep114: Markets show resilience despite the conflict

A comparison between the first 50 days of the current war with Iran and the first 50 days of the Gulf War of the early 1990s, shows that markets have been more resilient this time around. Recent earnings numbers, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment…
11 May 9 min

NOW Ep 126: Investing through the noise

Markets are moving fast but are investors moving with intent? In the latest episode of No Ordinary Wednesday, we go beyond market headlines to unpack what investors are actually doing in a volatile, news-driven environment. From trading the news cycle to navigating currency swings and concentrated markets, Investec’s Tinus Rautenbach…
6 May 19 min
All episodes