Investec Investec Focus Radio SA

NOW Ep82: The great interest rates pivot

Loading player...
As central bankers worldwide shift towards easing monetary policies, what kind of rate-cutting cycle are we entering? In the latest episode of No Ordinary Wednesday, Investec Treasury Economist Tertia Jacobs shares her expert insights on the factors that will the trajectory of interest rates in the coming months.

00:00 – Introduction
01:35 – What factors will influence the pace of interest rates cuts in the US?
03:10 – What will the SARB contend with in determining the trajectory of rate cuts?
04:42 – What do you expect, big cuts upfront or more gradual?
05:46 – What would be the impact of a front-loaded approach?
06:52 – Inflation outlook
08:34 – What pace of interest rates cut are you expecting for other developed markets?
10:00 – What are your expectations for other emerging markets?
11:20 – What’s driving the bond market in SA?
12:27 – How will rate cuts impact government bonds?
13:10 – Fiscal consolidation in South Africa
14:40 – GDP outlook

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.

Read more on www.investec.com/now
Chapters
  • 00:00 Introduction
  • 01:35 What factors will influence the pace of interest rates cuts in the US?
  • 03:10 What will the SARB contend with in determining the trajectory of rate cuts?
  • 04:42 What do you expect, big cuts upfront or more gradual?
  • 05:46 What would be the impact of a front-loaded approach?
  • 06:52 Inflation outlook
  • 08:34 What pace of interest rates cut are you expecting for other developed markets?
  • 10:00 What are your expectations for other emerging markets?
  • 11:20 What’s driving the bond market in SA?
  • 12:27 How will rate cuts impact government bonds?
  • 13:10 Fiscal consolidation in South Africa
  • 14:40 GDP outlook
17 Sep 2024 English South Africa Business · Investing

Other recent episodes

No Ordinary Wednesday | The signals from oil, bonds and inflation

Oil, bond yields and inflation are sending a more cautious signal on the global outlook. Growth has held up better than expected. But energy markets remain tight, long-term borrowing costs are rising, and central banks are weighing the risk of another inflation shock. In the latest No Ordinary Wednesday, Ellie…
8 Sep 17 min

Macro Monday Ep130: Crude prices, US jobs place focus on interest rates

Crude oil prices have risen over 20% in the last month, and this problem seems unlikely to be resolved quickly: prediction markets put only a 30% likelihood of normal flows through the Strait of Hormuz by December. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management says with services inflation…
7 Sep 8 min

Macro Monday Ep129: Warsh’s hawkish speech

New Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium of central bankers on Friday, leading to a stronger US dollar and increased expectations of rate hikes this year and next year. Investec Investment Management’s Investment Strategist Osagyefo Mazwai examines what this means for the US…
31 Aug 9 min

No Ordinary Wednesday | The economics of tourism in SA

South Africa’s growth challenge is shifting from reform to delivery. Tourism is part of that test. International arrivals rose 12.3% in the first half of 2026. And phase III of the government-business Partnership now puts the sector firmly on the growth agenda, with a focus on air access, visas, safety…
25 Aug 12 min

Everything Counts | Episode 54: Protecting property wealth

Property is often seen as one of the more reliable ways to build long-term wealth. It’s tangible, familiar and, for many South Africans, an important part of their financial plan. But investing in property comes with risks that can be easy to overlook, from hidden costs and changing rental yields…
25 Aug 28 min
All episodes