# NOW Ep124: A crude awakening for inflation?

Page: https://stenobird.com/podcast/investec-focus-radio-sa-680399/now-ep124-a-crude-awakening-for-inflation
Text version: https://stenobird.com/podcast/investec-focus-radio-sa-680399/now-ep124-a-crude-awakening-for-inflation.md
Podcast: [Investec Focus Radio SA](https://stenobird.com/podcast/investec-focus-radio-sa-680399)
Published: 2026-03-31T18:08:00+00:00
Episode link: https://iono.fm/e/1661970
Audio file: https://dts.podtrac.com/redirect.m4a/dl.iono.fm/epi/prov_374/epi_1661970_medium.m4a?p=rss
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JSON: https://stenobird.com/v1/public/podcasts/investec-focus-radio-sa-680399/episodes/now-ep124-a-crude-awakening-for-inflation
Duration seconds: 1442

## Resource

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 Investec Focus Radio SA

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## Transcript

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