Economy Watch · Interest.co.nz / Podcasts NZ, David Chaston, Gareth Vaughan, interest.co.nz

Imre Speizer: Differing levels of 'assertiveness' between RBNZ & RBA the reason for big cash rate difference

·35 min·3 clips

Imre Speiser explains how fear and greed drive volatile financial markets in a year of major global reordering.

This episode of Economy Watch features Gareth Vaughan interviewing Imre Speizer, Westpac's Head of New Zealand Strategy, on volatile financial markets. They focus on the drivers of interest rates and currency movements, particularly for the New Zealand dollar. Speizer analyzes how global geopolitical and economic reordering influences market sentiment. The discussion centers on the fluctuating risk appetite in markets at the start of the year, with significant moves noted in assets like gold and silver. Speizer references the constant presence of US President Donald Trump in financial headlines as a source of volatility. He states that both fear and greed are prevalent market drivers, with neither clearly in ascendancy. The conversation assesses how major global developments lead to fallout in currency valuations. A key focus is interpreting these developments to forecast influences on the Kiwi dollar. The analysis also extends to the outlook for New Zealand interest rates over the coming year. Speizer observes that markets are beginning to make sense of the global reordering led by the United States. He characterizes the current period as one of "very interesting times" with major eruptions across geopolitical and financial spheres. The episode suggests this volatility in risk sentiment is likely to persist throughout the year ahead. The interplay between fear and greed creates a complex environment for forecasting. The tone is analytical and conversational, reflecting a professional dialogue between a journalist and a banking strategist. The style is educational, breaking down complex market dynamics for a financially literate audience. Listeners interested in macroeconomics, forex markets, and New Zealand's financial outlook would find this episode valuable. Those seeking entertainment or non-financial topics might choose to skip it.

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