Podcasts about current account

A new era at the Federal Reserve is underway. In this episode of Current Account, Clay is joined by Dr. Alexis Crow, Partner and Chief Economist at PwC, to examine what leadership under Chair Kevin Warsh could mean for U.S. monetary policy and global markets. As the Fed prepares for its first meeting under new leadership, they explore competing pressures around interest rates, inflation, and political influence, as well as Warsh's potential push to reshape the Fed's framework. The conversation also looks at how investors should interpret a more uncertain policy outlook and what shifts in the Fed's approach could mean for capital flows, the dollar, and financial stability worldwide. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

Latin America is entering a pivotal election cycle with major implications for policy, markets, and geopolitics. In this episode of Current Account, Clay is joined by the IIF's Martín Castellano, Head of Latin America Research, and Paola Figueroa, Head of Frontier Latin America Research, to break down key races in Peru, Colombia, and Brazil. They explore what recent results reveal about political fragmentation, governability, and investor confidence, and assess how domestic pressures are shaping outcomes. The conversation also looks beyond individual elections to examine how the region's shifting political landscape could influence relationships with the United States and broader global markets in the months ahead. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this week's episode, Damien takes a look at the latest banking offers, revealing the ways you can get paid for carrying out your everyday banking. He explores the best current accounts for cashback with rates boosted up to 4%. He also looks at the best bank account switching deals before rounding up the best cashback credit cards on the market. Finally, he provides a summary of the best investing apps available in the UK, breaking them down by investor type. He outlines the key features, investment options and costs.Check out this week's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast article⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on the Money to the Masses website to see the full list of resources from this week's show.Follow Money to the Masses on social media:YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Tik Tok - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.Support the show by visiting and bookmarking our dedicated podcast page:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Money to the Masses Dedicated Podcast Page⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Click to support the showLinks referred to in the podcast:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up to our weekly newsletterBest UK current accounts for cashbackBest cashback credit cards in the UKBest bank account switching offersBest performing Stocks and Shares ISABest investment apps in the UK

How has banking fundamentally changed over the past decade? In this episode of Current Account, Clay sits down with Christiana Riley, CEO and President of Santander U.S., to reflect on the forces reshaping financial services over the past decade. They explore how banks have adapted to a more volatile environment shaped by higher interest rates, geopolitical tension, and rapid technological change. The conversation examines growing competition from fintech and private capital, shifting expectations around growth and risk, and how global banks are positioning themselves across both established and emerging markets. Looking ahead, they discuss what will define success for financial institutions over the next decade and how leadership priorities are evolving in a more complex landscape. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

As 2026 reaches its midpoint, the global economic outlook is growing more uncertain. In this episode of Current Account, Clay is joined by the IIF's Marcello Estevão, Chief Economist and Managing Director, and Jonathan Fortun, Senior Economist, to unpack the latest Capital Flows Report and what it reveals about shifting growth, capital movements, and policy pressures. They examine how geopolitical shocks are compounding existing weaknesses, why the U.S. continues to outperform other economies, and what is driving mixed signals across emerging markets. The conversation also explores how supply chain disruptions are spreading beyond energy and what central banks and policymakers should be watching as risks build heading into the second half of the year. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

As U.S. and Chinese leaders meet in Beijing, the future of the world's most important economic relationship hangs in the balance. In this episode of Current Account, Clay is joined by Evan Medeiros, a professor in the School of Foreign Service at Georgetown University and former director at the White House National Security Council, to assess what is at stake in the latest round of talks and what each side hopes to achieve.  They explore the evolving sources of leverage on both sides, from trade and investment to critical minerals and advanced technologies, and examine the gap between leader level diplomacy and a deeper structural rivalry. The conversation also looks at how domestic politics may constrain any deal and what a more stable U.S.-China relationship could realistically look like in the years ahead. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

The virtuoso pianist, Ruth Slenczynska was the last living student of Sergei Rachmaninoff. She began performing at the age of four, and was once reputed to be the greatest child prodigy since Mozart.From the Australian outback to the forefront of British science, Dame Bridget Ogilvie was the daughter of sheep farmers who went on to help make the UK a leader in biomedical research.Labour MP, Tony Worthington, survived a violent ambush in Somaliland and played a role in the Northern Ireland peace talks.Crown prosecutor, Russel Tyner KC, was a pioneer in the prosecution of cyber-crime.Presenter: Kirsty Lang Producer: Ben Mitchell Assistant Producer: Lowri Morgan Researcher: Jesse Edwards Editor: Andrea KennedyArchive: BBC News, 12/01/2019; BBC, Hunting the Lorry Killers, 03/11/202; BBC, Eureka, 08/01/1997; BBC, Newsnight, 25/10/1999; BBC, Current Account, 16/10/1979; BBC, Reporting Scotland, 11/02/1994; BBC, Newsline, 06/05/1997; BBC, Panorama, 18/03/2003

Japan's current account surplus hit a record high for the third consecutive year in fiscal 2025 partly because the trade balance swung back to the black, preliminary data from the Finance Ministry showed Wednesday.

In this episode of Current Account, Clay is joined by Stephen Myrow, Managing Partner of Beacon Policy Advisors, to take stock of where the U.S. midterm elections stand six months out - and why they matter far beyond Washington. They discuss why the House has emerged as the central battleground, how the Senate map has quietly become more competitive, and what a potential shift in control could mean for policy, regulation, and executive authority. The political landscape looks very different than it did just six months ago. Clay and Stephen discuss how slipping presidential approval ratings, aggressive redistricting battles, and the fallout from an unpopular war are reshaping the midterm map in real time. They explore why outcomes once considered unlikely are now firmly in play, and what the evolving election dynamics could mean for investors, financial institutions, and international partners. The question is no longer just who wins in November, but how Washington governs the day after. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Mona Yacoubian, Director of the Middle East Program at CSIS, to unpack what the current phase of negotiations to deescalate the conflict in Iran is really telling us. They discuss how Iran is viewing its leverage, why energy disruption remains central to Tehran's strategy, and how regional dynamics, particularly involving Lebanon and regional proxy networks, are complicating efforts to contain the conflict. The conversation looks beyond formal negotiations to the roles being played by Hezbollah and other aligned groups, and what their involvement means for escalation risks across the region. Clay and Mona also examine shifting signals from Gulf states, internal debates within Iran's leadership, and how Washington's strategy has evolved from direct military action toward blockades and diplomacy. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Jayee Koffey, Chief Global Affairs Officer at BNY, to discuss how firms are balancing global efficiency with mounting pressure to localize, de‑risk, and align more closely with national priorities, particularly in strategic sectors such as energy, technology, and finance. The conversation focuses on how companies are embedding geopolitical awareness into everyday decision‑making, rather than treating it as a one‑off crisis response. Clay and Jayee also examine the growing importance - and vulnerability - of financial plumbing, including payments, settlement systems, and market infrastructure, which are increasingly entangled with sanctions policy, national security concerns, and cross‑border fragmentation. Finally, they turn to the rapid buildout of digital and physical infrastructure, from payments modernization and tokenization to AI‑driven data centers. Jayee offers her perspective on what governments can do to remain attractive destinations for long‑term private capital, and whether firms should be concerned that today's infrastructure boom could create new financial, political, or social fault lines down the road. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Helima Croft, Managing Director and Head of Global Commodity Strategy at RBC Capital Markets, to discuss the conflict in Iran and the resulting market implications as the conflict enters its fourth week. With continued attacks on oil and gas infrastructure across the Gulf and the Strait of Hormuz still nearly shut, global markets are confronting the consequences of an energy shock unlike anything seen in decades. Oil remains above $100 a barrel, supply routes are strained, and consumers around the world are feeling the pressure at the pump. To help make sense of the rapidly changing energy picture, they explore why this shock is proving so disruptive, how markets have responded so far, and which regions are most exposed if elevated prices persist. The conversation examines the broader macroeconomic risks: when a tight oil market stops being a short‑term nuisance and begins to bleed into inflation expectations, how long supply disruptions can be sustained before strategic reserves or alternative routes come into play, and what a delayed reopening of the Strait might mean for energy‑importing economies. Clay and Helima also discuss the political dimension, including President Trump's self‑imposed deadline for a negotiated end to the conflict, and the uncertainty surrounding whether flows through the Strait can ever return to pre‑war levels. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Richard Fontaine, CEO of the Center for a New American Security, to return to the rapidly evolving conflict in Iran as the fighting enters its third week. What began as a regional confrontation has now produced far‑reaching political and economic consequences, both within Iran and across global markets. Oil remains near $100 per barrel, energy infrastructure in the Gulf has been repeatedly struck, and the killing of another senior Iranian figure has escalated uncertainty around the trajectory of the conflict. Richard provides insight into how Iran's battlefield setbacks, leadership losses, and retaliatory strikes on Gulf cities are shaping the country's strategic posture, and how these dynamics are influencing regional partners who once viewed themselves as insulated from direct conflict. The conversation also explores why European countries have declined to join U.S. efforts near the Strait of Hormuz despite their heavy reliance on energy flows through the corridor, and how President Trump's assertion that the U.S. “doesn't need help” from NATO is shaping transatlantic tensions. Clay and Richard examine the roles of China and Russia, both of which have publicly expressed support for Iran, and discuss what this alignment reveals about the broader geopolitical relationship among the three countries. The episode concludes with a look at possible scenarios going forward, from prolonged fighting to broader regional spillover, what policymakers should watch as the conflict evolves, and the sentiment within the United States of entering into this conflict. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Negar Mortazavi, a Journalist, Political Analyst and Senior Fellow at the Center for International Policy (CIP), for a clear, timely breakdown of the rapidly unfolding conflict in Iran. Less than two weeks after U.S. and Israeli strikes targeted key Iranian government and military sites, retaliatory actions have rippled across the region, impacting energy infrastructure, shipping lanes, and global markets. Negar explains what has transpired since the initial strikes, including the dramatic succession of Mojtaba Khamenei as Iran's new leader. She discusses the internal political dynamics in Tehran, the likelihood of domestic unrest, and how the Iranian government is framing this moment both internally and regionally. Clay and Negar also examine Iran's attempts to broaden the conflict geographically and the strategic calculations behind attacks on neighboring countries. The conversation closes with a look ahead: what escalation or de‑escalation could realistically look like, what all of this means for energy markets and geopolitical stability, and what next steps may be in store. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

This evening we dive into the latest market movements with PSG R21, we speak to Standard Bank and Sanlam about their recent results, we examine SA's current account, we hear from Founders at Work about their upcoming masterclass in Durban, which will equip business owners with the tools to scale their operations, and we chat to Black Mamba Foods, a hot sauce business based in eSwatini that is making a difference. SAfm Market Update - Podcasts and live stream

Johann Els – Chief Economist, PSG Financial Services SAfm Market Update - Podcasts and live stream

In this episode of Current Account, Clay is joined by Meghan Milloy, the IIF's Managing Director and Head of Corporate Communications, and Martin Boer, General Manager of the IIF's Brussels Office and Chief Representative, Europe, to revisit Europe at a moment of mounting complexity - fresh off the IIF's European Summit in Brussels on March 4-5. Clay reflects on the policy conversations shaping Europe's agenda; conversations that were already wide‑ranging before a sudden escalation of conflict in the Middle East reshaped the economic backdrop. With crude prices sharply higher and natural gas prices surging, Europe finds itself confronting an immediate energy shock just as it enters the spring with unusually low inventories and reduced access to energy resources. To begin to unpack these developments and the priorities emerging across the continent, Meghan shares insights from her conversations with policymakers and industry leaders at the Summit, highlighting what is top of mind for European stakeholders, from immediate concerns about energy security to the broader challenge of sustaining growth. Martin brings a view from the ground on regulatory simplification efforts, noting that while the topic is gaining attention, meaningful progress remains uneven. He also discusses the rapid rise of defense financing as a central policy priority and how governments, banks, and investors are weighing ways to support defense needs without crowding out other long‑standing commitments. Together, Meghan and Martin reflect on the evolving transatlantic relationship and what recent shifts mean for financial cooperation, especially as Europe and the United States grapple with geopolitical uncertainty, supply chain adjustments, and diverging regulatory pathways. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

Japan swung into 941.6 billion yen in current account surplus in January from a deficit of 344.6 billion yen a year before thanks to strong exports, preliminary data released by the Finance Ministry on Monday showed.

Kia ora. Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news inflation spike fear is gripping financial markets today as equities fall, bond yields rise, some key commodities like the oil price are spiking, and there is a sharp move toward perceptions of financial 'safety' which is hurting commodity-based currencies like the AUD and the NZD. The fear is based on seeing central banks hiking policy rates to weight against a looming inflation spike, just when economic activity is likely to weaken sharply on the consequences of Trump's wars. The fear is stagflation on steroids. It is affecting investors from New York to Shanghai. And now Trump is blaming friends (Spain, the UK) for not being supportive enough and threatening new trade restrictions. But it isn't universal - yet anyway. First up today, there has been another very good dairy auction overnight, the fifth positive one in a row, delivering prices up overall by +5.7% un USD terms. With the falling NZD, prices are up +8.4% in NZD. Our charts tell the story overall and in product detail. Basically prices are now back to the high 2025 levels in both USD and NZD terms. Yes, analysts will be reaching for their pencils to reassess the season's payout forecast, although we should caution that we are well past the peak of the milk flows - and that volumes offered and sold overnight are falling away seasonally. More broadly, in the US overnight, the February US Logistics Manager survey showed pressure on their system with rising inventories and strained capacity. Meanwhile the RealClearMarkets/TIPP Economic Optimism Index retreated in March from February, and delivering a decline when an rise was expected. This is largely because personal investor sentiment fell sharply as confidence in US government economic policies slipped away. In the Middle East, only one tanker, a Singaporean one, has managed to traverse the Straits of Hormuz in the past day. It's essentially closed still. Insurers have cancelled policies. Now the US says it is considering providing that, at taxpayer expense. The costs of war are broad. The scheduled meeting between Chinese President Xi and US President Trump is still on for the end of March. Given the unhinged policy-making by the US, it is a lottery on how this will play out. Trump will undoubtedly look for short-term, face-savings wins. Xi will be playing a much longer game. Meanwhile, China is putting the finishing touches to its latest five-year plan. We are approaching the rubber-stamp set piece. In Europe, the Euro area inflation rate rose to 1.9% in February, up from 1.7% in January. Although minor it was an unexpected rise. And that pushed core inflation up to 2.4% in February. Given the global rise in uncertainty, and the US/Israel/Iran crisis pushing up their energy costs very sharply in the past few days, these inflation levels are unlikely to stay this low in March, giving the ECB a new headache. In Australia, total residential building consents fell at a -7.2% rate in January, following a -30.7% drop in December. Year on year it is down -15.7%, the largest fall since late 2023. This may have ended the rising trend of approvals that started in July 2024. But there were 9,900 detached houses approved for construction nationally, a 41-month high. The big shortfall is in intensive housing. Australia's current account balance fell by -AU$2.8 bln in December 2025 to a deficit of -AU$21.1 bln. This is its second consecutive fall, driven by a net primary income deficit widening. This will take -0.1 percentage points from the December 2025 GDP result which will be released tomorrow. In public comments yesterday, the RBA governor acknowledged the sudden increase in uncertainty in the global economy, on top of already high uncertainty from Trump's abandonment of an international rules-based order. She said "a supply shock could, for example, add to inflation pressures. And the potential implications for inflation expectations are something we are very alert to. But at the same time, a prolonged impact on energy markets could have adverse effects on global economic activity and result in downward pressure on inflation. It is not obvious how this might play out." Westpac says Brent crude at US$100 is entirely possible in the coming few weeks. The UST 10yr yield is now just on 4.06%, unchanged from yesterday, although it did get up to 4.11% in between.  The price of gold will start today down -US$179 from yesterday at US$5117/oz. Silver is down another -US$4 at US$83/oz today. American oil prices are up +US$5.50 at just under US$76/bbl, while the international Brent price is up the same to be now just over US$82.50/bbl. These at +7.5% rises. A collapse in Iranian oil production could have quite deep impacts. The Kiwi dollar is another -50 bps lower against the USD from yesterday, now just on 58.8 USc. Against the Aussie we are down -10 bps at 83.8 AUc. We are down -60 bps against the yen. Against the euro we are unchanged at 50.7 euro cents. That all means our TWI-5 starts today down -40 bps, now just on 62.5 and a new one month low. The bitcoin price starts today at US$67,5755 and down -3.2% from this time yesterday. Volatility over the past 24 hours has been moderate at just under +/- 2.6%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

In this episode of Current Account, Clay is joined by Doug Elliott, Partner at Oliver Wyman, and Andrés Portilla, Managing Director of Regulatory Affairs at the IIF, to take a closer look at the growing global debate over regulatory modernization. Fifteen years after the Global Financial Crisis led policymakers to introduce an expansive set of rules designed to reinforce financial stability, many jurisdictions are now questioning whether the existing framework has become overly complex, duplicative, or limiting to growth. Together, Clay, Doug, and Andrés unpack what modernization really means today, whether it is simplification, de‑layering, right‑sizing, or true deregulation, and why the conversation is gaining urgency across markets. Doug lays out the philosophical and practical forces behind modernization efforts globally, while Andrés discusses the findings of the recent IIF Report, "Modernization and Simplification — Revamping the Global Banking Regulatory Framework" - underscoring how overlapping constraints and diverging national interpretations create unnecessary friction for banks operating across borders. The discussion also turns to the ongoing debate over central bank independence, an issue increasingly intertwined with the regulatory modernization agenda. They examine how these debates differ across jurisdictions, how they may influence regulatory decision‑making, and why a credible, independent regulatory framework remains essential for market confidence. In addition, the conversation assesses the role of global standard setters, including the Financial Stability Board and the Basel Committee, in helping ensure consistency as countries revise their approaches at different paces. Clay and his guests discuss why maintaining coherence across borders is critical, even as national politics, growth priorities, and competitive pressures pull policymakers in different directions. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this emergency episode of Current Account, Clay continues the discussion on tariffs with Chris Padilla from the Brunswick Group after the U.S. Supreme Court on Friday, February 20, ruled that the International Emergency Economic Powers Act (IEEPA) does not provide authority for the president to unilaterally impose tariffs. While much is unknown, the Court made one thing clear: major trade actions require clear legal grounding and a durable policy framework. The episode contains a special web session recorded on Monday, February 23, where Clay is joined by Chris to analyze why the decision is a meaningful marker for markets, trading partners, and corporations and follows up on on Episode 134, where they discuss a variety of United States trade and policy topics including the possible ruling against the use of IEEPA.  The full video session can be found for IIF members here. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Nathan Sheets, Global Chief Economist at Citi and former U.S. Undersecretary of the Treasury for International Affairs, to explore Japan's shifting economic landscape following a historic political moment.* Just over 100 days into her term, Prime Minister Sanae Takaichi called a snap election that delivered a rare supermajority for the Liberal Democratic Party. With such a decisive mandate, Japan enters 2026 with renewed political strength and major policy opportunities. Together, they discuss what Prime Minister Takaichi's victory means for economic policymaking, how the U.S.-Japan alliance is shaping the outlook, and the growing debate around possible U.S. intervention in the yen. Nathan offers insight into why intervention is being discussed now, what it would aim to accomplish, and whether it is truly likely given recent messaging from Washington. The conversation also examines the broader dollar debate, Japan's uniquely high debt levels, and the pressures facing both the U.S. and Japanese economies. Clay and Nathan conclude with a look at geopolitics, specifically the delicate triumvirate relationship between the U.S., Japan and China, and how this balance could impact the global economy in the year ahead. *Before jumping into Japan, Clay acknowledges the U.S. Supreme Court's decision striking down the administration's use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping global tariffs. For more on IEEPA and its implications, check out Current Account episodes [134](https://www.iif.com/Publications/ID/6450/Current-Account-with-Clay-Lowery---Episode-134--The-Best-of-Times-and-the-Worst-of-Times--A-Tale-of-Trump-s-Tariffs "https://www.iif.com/Publications/ID/6450/Current-Account-with-Clay-Lowery---Episode-134--The-Best-of-Times-and-the-Worst-of-Times--A-Tale-of-Trump-s-Tariffs"), [126](https://www.iif.com/Publications/ID/6360/Current-Account-with-Clay-Lowery---Episode-126--Stop--In-the-Name-of-Tariffs---The-Supremes--Court----IEEPA "https://www.iif.com/Publications/ID/6360/Current-Account-with-Clay-Lowery---Episode-126--Stop--In-the-Name-of-Tariffs---The-Supremes--Court----IEEPA"), [109](https://www.iif.com/Publications/ID/6166/Current-Account-with-Clay-Lowery---Episode-109--An-Eye-for-an-IEEPA--Trump-Tariffs---Where-Are-They-Now- "https://www.iif.com/Publications/ID/6166/Current-Account-with-Clay-Lowery---Episode-109--An-Eye-for-an-IEEPA--Trump-Tariffs---Where-Are-They-Now-"), and [96](https://www.iif.com/Publications/ID/6026/Current-Account-with-Clay-Lowery---Episode-96--Tariff-o-Rama--Explaining-U-S--Tariff-Implications "https://www.iif.com/Publications/ID/6026/Current-Account-with-Clay-Lowery---Episode-96--Tariff-o-Rama--Explaining-U-S--Tariff-Implications"). This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Chris Padilla, Senior Advisor at Brunswick Group and former U.S. Under Secretary of Commerce for International Trade, to revisit U.S. trade policy. After a turbulent 2025 marked by sweeping tariffs, new negotiation frameworks, and significant legal uncertainty, trade may feel quieter entering 2026, but remains a central priority for the Trump administration. Drawing on his years of government and corporate experience, Chris offers perspective on the issues likely to dominate trade policy this year, from the durability of recent agreements with China, the EU, Japan, and Korea to the broader geopolitical shifts driven by tariff realignments and new partnerships. The conversation also covers the ongoing U.S.-Mexico-Canada Agreement (USMCA) review, an area of heightened uncertainty as political tensions rise among member countries. Clay and Chris discuss how the process could unfold, whether renewal or restructuring is more realistic, and what the implications may be for North American supply chains. They also examine the pending Supreme Court decision on the Trump administration's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs - an outcome with major consequences for U.S. trade strategy. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

Kia ora.Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the modest US inflation rate reported for January is fueling a disconnect and scepticism in US households.But first, this is a week where we will get the next RBNZ OCR review on Wednesday, important because it is Governor Brennan's first. And she will get her first inkling of January inflation impulses on Tuesday, and may have the January REINZ data later today. And she will likely know how the bank's consumer and business surveys are tracking, especially on inflation expectations.In Australia, the key data will come on Thursday with their January labour force updates. And the RBA will release the minutes of it February 4 meeting on Tuesday, always a potential market-moving event.The US Fed will also release its minutes this week. And we will get the advance estimate of Q4-2025 US GDP, as well as the Fed's [referred inflation gauge, the PCE. Canada will chime in with its own key releases.In China, markets will be closed for the week-long Lunar New Year holiday from February 16 to 23, although January foreign direct investment data is still expected to be released. Elsewhere, trade figures are due from Singapore, Malaysia, and New Zealand, while Malaysia will also publish inflation data.Over the weekend, China reported that that price deflation in their housing market picked up in January for a third straight month at a faster pace, overall down -3.1% from a year ago. In January, the year-on-year sales price of existing homes in first-tier cities fell by -7.6%. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen falling by -8.7%, -6.8%, -8.3%, and 6.5% respectively. In second- and third-tier cities, the year-on-year sales prices of existing homes fell by -6.2% and -6.1%. Prices for new-built houses fell too, but only by -2.1%.Staying in China, and as expected, the normal January surge in new yuan lending by banks occurred again this year, but by less than expected and by a -8.2% lower level than for 2025, -4.3% lower than for January 2024. And it was -5.8% lower than what was expected. It is a soft result and is typically followed by a sharply lower level of lending in February during the Spring Festival/CNY period. 2026 is off to a languid start for them.Meanwhile, China's export economy is still functioning at full speed. Their current account surplus widened to an unprecedented US$242 bln in Q4-2025, sharply higher than the US$164 bln recorded a year earlier.India also released bank loan data overnight, and their firms are borrowing up big. In fact, it was up +14.6% in January from a year ago, the strongest surge in a year.Malaysia reported that its economic activity rose +6.3% in Q4 2025 from a year ago, revised up from an initial 5.7% and accelerating from 5.4% growth in Q3. This was their sharpest expansion since Q4-2022, with broad gains in agriculture, driven by oil palm output (+16, manufacturing, and services.On Saturday in the US CPI inflation came in at 2.4% for the year to January, slightly below the expected 2.5%. Core inflation came in at the expected 2.5%. This result was all due to lower petrol prices and falling used car prices. However, food was up +2.9%, and rents were up +3.0%. Electricity prices were up +6.3% (thank you, AI) and home gas was up +9.8%. It will be hard for households to feel inflation is under control.And key will be how the US Fed will interpret this data when setting their policy rates at their next meeting on March 19, 20206 (NZT). Markets currently expect a hold, and at least until the middle of the year.And one reason food prices seem higher there than the official data is that US beef cattle herd is now at its lowest in 75 years. This helps explain why US imports are soaring, and prices are high & rising.And don't forget, it is a long holiday weekend in the US for Washington's Birthday/President's Day. US-based activity will be low tomorrow and that will show up in our financial markets.The UST 10yr yield is still just under 4.06%, little-changed from Saturday but it is down -15 bps from this time last week.The price of gold will start today up +US$21 from Saturday at US$5041/oz. Silver is down -50 USc at US$77.50/oz today.American oil prices are little-changed at just under US$63/bbl, while the international Brent price is still under US$68/bbl.The Kiwi dollar is little-changed against the USD from Saturday, now just on 60.4 USc and down -10 bps. Against the Aussie we are unchanged at 85.4 AUc. We are down marginally again against the yen. Against the euro we are unchanged at 50.9 euro cents. That all means our TWI-5 starts today little-changed, now at 63.8 and down -10 bps from Saturday.The bitcoin price starts today at US$68,565 and down -0.8% from this time Saturday. Volatility over the past 24 hours has been modeST at just under +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

In this episode of Current Account, Clay is joined by two IIF colleagues, Marcello Estevão, Managing Director and Chief Economist, and Gene Ma, Head of China Research and Chief Representative for the Asia-Pacific region, to take a closer look at China's evolving role in the global economy at a time when growth is no longer the country's top priority. Long viewed as the engine of global expansion, China is now emphasizing domestic stability, reshaping trade patterns and global economic dynamics in the process. Drawing on recent travel across the region and insights from the IIF China Economic Forum, they discuss how policymakers and market participants are interpreting China's shift away from growth-driven stimulus toward a more measured approach. The conversation explores the drivers behind China's record trade surplus, including the role of weak imports alongside steady exports, ongoing challenges in the housing sector, rising household savings, and persistent deflationary pressures. Clay, Marcello, and Gene also examine how China's increasing focus on trade with emerging markets—and reduced engagement with advanced economies—is reshaping global trade flows. The episode concludes with a forward-looking discussion on what really matters for understanding China in 2026, and why the key question may no longer be how fast China grows, but how its new economic posture affects the rest of the world. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay sits down with Hannah Anderson, Senior Policy Advisor in the IIF's Digital Finance department, to discuss how digital payments, tokenization, and emerging stablecoin frameworks are shaping global financial innovation in early 2026. Clay and Hannah explore why digital payments and tokenization have transitioned from experimental concepts to core priorities for both the official and private sectors. They examine the surge in tokenization initiatives—particularly in Asia—where public–private pilots are expanding rapidly and jurisdictions are working to establish the regulatory infrastructure needed to scale digital asset markets. The conversation also looks at the growing momentum behind stablecoin development, what these launches could mean for global payments, how they might interact with existing dollar‑backed stablecoins, and what financial institutions should watch as regulatory clarity evolves. Finally, they consider the broader implications for cross‑border payments, including opportunities to modernize settlement systems, improve efficiency, and support interoperability as tokenized and digital payment rails mature. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Christian Mumenthaler, former CEO of Swiss Re and current chair of the UBS Center for Economics in Society, to examine Europe's economic competitiveness at a pivotal moment for the global economy. Recorded live from Zurich, Switzerland, the episode situates Europe's outlook amid intensifying geopolitical pressures, regulatory debates, and shifting transatlantic dynamics. Drawing on his experience leading a global financial institution, Christian offers his assessment of Europe's competitive position following the release of the Draghi report and weighs in on whether concerns about stalled innovation and productivity are overstated. The conversation explores how Europe's financial regulatory and supervisory framework affects growth, whether the continent can balance increased defense spending with ambitions in digital innovation and the green transition, covers some common themes or myths around Europe and its progress, and how Europe should approach its economic relationships with the United States and China as fragmentation deepens. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Tim Adams, President and CEO of the IIF, to kick off the new year with a forward-looking discussion on the forces set to shape global finance in 2026 as financial leaders prepare for the IIF's annual board meetings and convene in Davos. Drawing on Tim's extensive global engagement with policymakers and industry leaders, the conversation explores the macro forces most likely to matter in the year ahead, from geoeconomic risk and innovation to growth opportunities and overlooked vulnerabilities. Clay and Tim also discuss the regulatory themes expected to shape strategy in 2026, including how financial institutions can navigate fragmentation in trade, sanctions, and industrial policy without overreacting. The episode concludes with practical guidance for financial services leaders planning for the year ahead, as well as a look at what to expect from on-the-ground conversations at Davos and how increased U.S. engagement could influence the broader World Economic Forum agenda. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Eric Farnsworth, Partner at Continental Strategy and a veteran of U.S. government and international policy circles, to examine one of the most dramatic geopolitical developments in recent years: the U.S. military's capture of Venezuelan President Nicolás Maduro and his wife on January 3. This unprecedented move has thrown Venezuela into political uncertainty and raised critical questions about the country's future. Together, Clay and Eric discuss the objectives behind the U.S. action, who is now in charge in Venezuela, and what this means for governance and stability. The conversation also explores Venezuela's economic collapse, the state of its oil sector, and whether lifting sanctions could reopen the door for investors and financial services firms. Finally, the episode looks ahead to what might come next for Venezuela, from potential regime change to the challenges of rebuilding infrastructure and restoring economic capacity. For more from the IIF on Venezuela, read our recent publication here: LatAm Views: Venezuela's Transition — Early Signals and Market Implications. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

Send us a text"RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply"DOWNLOAD "The Dollar Empire Private Markets Playbook"https://go.fundraisecapital.co/dollar-empire-playbookThe financial world is fixated on the wrong metrics. While the media screams about US debt and the trade deficit, these perceived weaknesses are actually the hidden engines driving trillions of dollars directly into private equity, private credit, and venture capital. This is not theory—it's accounting.In this deep-dive masterclass on global macro strategy and private market investing, Ryan Miller rips the curtain back on the Balance of Payments (BOP)—the true master ledger of global power. If you are a fund manager or deal syndicator, you need to know exactly how the Current Account deficit forces foreign capital to buy your deals. The world isn't collapsing; it's buying American assets, and your fund is the mechanism.Subscribe on YouTube:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Instagram: https://www.instagram.com/makingbillionspodcast/X: https://x.com/_MakingBillionsWebsite: Pure Tested Peptides - GLP-3, BPC 157, CJC-1295, ipamorelin, ss-31, epithalon, SLU-pp-332 99% pure research peptides for longevity muscle and metabolic healthSupport the showDISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient's state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

In this episode of Current Account, Clay is joined by two leading voices in the insurance sector, Jérôme Haegeli, Swiss Re Group Chief Economist and Head of Swiss Re Institute, and Philippe Brahin, IIF Director of Insurance and NBFI Regulation and Policy, to explore how economic uncertainty, regulatory changes, and shifting risk landscapes are reshaping global insurance markets. Together, they discuss the forces driving change in the industry, from trade tensions and technological disruption to rising natural catastrophe exposures. The conversation highlights how insurers are responding to these pressures, the strategies they are pursuing to close protection gaps, and the initiatives underway to strengthen investment capabilities. They also talk through the recent announcement by Treasury about the future of the Financial Stability Oversight Council (FSOC) and what it means for insurance broadly. The episode then looks ahead to 2026 and beyond, when global insurance premium growth is expected to slow to an average of 2.3 percent in real terms, slightly below the pace of the past five years. Clay and his guests consider what insurers must do to maintain resilience and profitability in a more challenging environment. For more on insurance markets, find here Swiss Re's report: Shifting sands: Global economic and insurance market outlook.[](https://www.swissre.com/institute/research/sigma-research/sigma-2025-05-global-economic-insurance-outlook-shifting-sands.html "https://www.swissre.com/institute/research/sigma-research/sigma-2025-05-global-economic-insurance-outlook-shifting-sands.html") Current Account programming will return in January 2026. -- This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Sonja Gibbs, IIF's Managing Director of Global Policy Initiatives and Head of Sustainable Finance, to discuss the latest developments in global debt as the year comes to a close. Clay and Sonja examine what the rise of global debt, now standing at a total of nearly $346 trillion, means for financial markets and private sector firms and explore the factors driving this increase - particularly the concentration of debt in the government sector, with China and the United States leading the way. The conversation also looks at corporate debt, which is approaching $100 trillion, and considers the implications of record-high issuance by high-yield borrowers. Finally, the episode looks ahead to 2026, discussing which trends are likely to continue and what new dynamics could shape debt markets in the coming year. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay provides an update on the Supreme Court case challenging President Trump's use of the International Emergency Economic Powers Act (IEEPA) to justify sweeping tariffs. Clay explains how the administration relied on IEEPA to impose tariffs on nearly all imported goods, including a 10 percent baseline tariff on all countries - with targeted measures on Mexico, Canada, China, and Brazil. He reviews the legal arguments presented before the Supreme Court, including whether these tariffs constitute taxation or fall under the President's emergency authority to regulate imports. The episode also explores what could happen if the Court rules against the administration. Potential outcomes include a massive refund process for more than $89 billion in tariff revenue, a shift toward sector-specific tariffs under Section 232 and possible use of alternative statutes such as Section 122 of the Trade Act of 1974 or Section 338 of the Tariff Act of 1930. Clay considers the political and economic implications of these scenarios and why this decision could reshape U.S. trade policy. For more on IEEPA, check out Episode #109: An Eye for an IEEPA: Trump Tariffs - Where Are They Now? This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Ashok Bhundia, IIF Deputy Chief Economist and Head of Asia Macroeconomic Research, to discuss Asia's global economic and geopolitical trends. The conversation focuses on how Asian economies are responding to evolving U.S.–China trade negotiations and strategic competition. Clay and Ashok explore the increasing importance of digital finance in shaping regional priorities, as well as the surge in investment and innovation in artificial intelligence and stablecoins. They also consider which countries are best positioned to benefit from the AI boom amid intensifying technology rivalry. The episode addresses currency trends and whether Asian currencies could appreciate against the U.S. dollar as part of broader efforts to rebalance trade. Finally, Clay and Ashok discuss whether Asia will lead global growth and innovation or face pressure to choose sides between the United States and China. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Kezia McKeague, Regional Director for Latin America at McLarty Associates and IIF's Martín Castellano, Head of Latin America Research, to unpack the results and implications of Argentina's recent midterm elections. The conversation explores President Javier Milei's strengthened political mandate, the role of U.S. financial support in shaping the electoral outcome, and how markets have responded. Kezia and Martín also discuss the short- and medium-term risks to Milei's economic stabilization plan, including persistent inflation, a widening current account deficit, and pressure on real wages and growth. Finally, the discussion considers whether this moment marks a turning point for reform in Argentina and broader Latin America. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies (CSIS), to discuss a topic on the rise: critical minerals and rare earths. First, Gracelin explains the difference between critical minerals and rare earths and their relative importance as resources. The discussion that follows includes how China has monopolized the mining, manufacturing and production of critical minerals, how these circumstances may play a part in upcoming discussions between U.S. President Donald Trump and Chinese President, General Secretary Xi Jinping, how the state of these markets may drive global connections - as seen with the recent trade deal between the United States and Australia - and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay talks to Sim Tshabalala, Group Chief Executive Officer of the Standard Bank Group and Chair of the B20 South Africa Finance & Infrastructure Task Force, to discuss a variety of topics within the G20 and B20 agenda. Clay and Sim first discuss takeaways from the 2025 IMF/World Bank and IIF Annual Meetings, including an underlying theme of unexpected hope, before shifting to the role of the B20 within the G20 agenda, key milestones and accomplishments of the Finance & Infrastructure Task Force, how the private sector can assist in building confidence in infrastructure projects - specifically in Africa, what priorities the United States may have as it transitions to G20 Chair in 2026, how a transition from South Africa to the United States might play out and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay previews a variety of themes and topics poised to be the center of many discussions during the upcoming 2025 IIF Annual Membership Meeting and IMF/World Bank Annual Meetings. Clay breaks down the major themes from the upcoming meetings into three main categories: (1) Risks, such as geopolitical risk, policy uncertainty and the rise of global debt; (2) Opportunities, including the rise of gold, increased role of artificial intelligence and further developments in digital asset expansion and regulation; and (3) Potential Institutional Issues, highlighted by the role and demand for critical minerals, shifts in supply chains and tariff implications, a call for simplification in the realm of supervision and regulation, and region-specific issues - as recently brought to light in Argentina. Click here for more information on the 2025 IIF Annual Membership Meeting. IIF Members can watch the "Countdown to the AMM!" here. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Ziad Haider, Partner and Global Director of Geopolitics, Singapore, McKinsey & Co., to discuss one of the most important topics in the financial services industry: Geopolitics. Clay and Ziad begin the podcast by detailing the increased prominence of geopolitics in recent years, before discussing the role of resilience for financial services firms, what risks are front of mind in the near future, preparation approaches for dealing with risks that are unpredictable in nature, whether geopolitics will become a permanent risk to monitor, or not, and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by IIF's Managing Director and Chief Economist, Marcello Estevão, to give an update on the Federal Reserve and discuss its recent decision to make a 25-basis point rate cut. Clay and Marcello begin by discussing the rate cut and what it signifies for the U.S. economy as a whole, including the state of inflation, unemployment and overall growth. The discussion then shifts to answering forward-looking questions: What does this rate cut mean for the economy? How will this impact policymaking, wage pressure, and labor fragmentation? Finally, Clay and Marcello discuss how the Fed - specifically Chair Jerome Powell - may view the labor market and what moves may come from other global markets following the most recent rate cut. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by IIF's Andrés Portilla, Managing Director of Regulatory Affairs, and Katie Rismanchi, Deputy Director of Regulatory Affairs, to talk about banking supervision - namely developments and recent trends in how supervision is approached across the globe. The discussion begins with a key question: Why is banking supervision important? The podcast continues with a discussion on the response to supervisory turmoil in recent years, issues and flaws within current supervisory procedures and processes, potential solutions to aid in increased supervisory effectiveness and transparency, how progress can be - and may already have been - measured and much more. For more information about this topic, read the IIF's recent paper on supervisory effectiveness here. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Scott Lee, IIF's Deputy Director and Senior Counsel in the Digital Finance Department, to discuss recent developments in the world of digital asset regulation and legislation. Clay and Scott begin with the status and background on three pieces of digital asset legislation in the U.S.: The GENIUS Act, the CLARITY Act and the Anti-CBDC Surveillance State Act. Afterwards, the discussion shifts to the role of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in balancing regulatory authority, how jurisdictions outside of the U.S. are approaching digital asset regulation, what key signs are to come on the horizon and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In the latest episode of the pod Andy and Amelia are talking about the latest stories that are important to you and your money. Including:  Andy's August current account update How to save money on Sky Sports, TNT and Amazon Do you need travel insurance on your staycation? For links and further reading head to becleverwithyourcash.com/cashchats 00:00 Intro 01:19 August current account update 17:35 Staycation travel insurance 24:49 How to save on sports channels ABOUT CASH CHATS Cash Chats is the award-winning podcast brought to you by the team of money geeks at Be Clever With Your Cash, sharing the latest updates from the world of personal finance and helping you to navigate the everyday money challenges we all face. Show notes can be found at becleverwithyourcash.com/podcast. BE CLEVER WITH YOUR CASH ON SOCIAL twitter.com/BeCleverCash instagram.com/becleverwithyourcash   youtube.com/@becleverwithyourcash   GET OUR WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence 

In this episode of Current Account, Clay is joined by Don Kohn, the Robert V. Roosa Chair in International Economics and a Senior Fellow in the Economic Studies program at the Brookings Institution, to discuss recent developments and the overarching role of the Federal Reserve - the central bank of the United States. Don and Clay begin with the traditional importance of the Fed's independence from elected officials before analyzing how prior administrations have seemingly pressured it to varying degrees, what impact these pressures have on the risk of inflation, ongoing discussions, including historic dissenters, around Fed policy, what upcoming personnel changes - including a new Chair in 2026 - the Fed will have to endure, how the Fed may approach the rest of the calendar year and much more. Programming Note: Current Account will return from summer break in September. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by IIF's President and CEO, Tim Adams, to assess key takeaways from the first half of 2025, with an eye on major themes to keep track of for the remainder of the year. Tim begins by providing a brief highlight of his recent travels across the globe and their subsequent conversations before jumping into a host of crucial topics in the financial industry, such as the agenda for more simplified regulation and steps toward Basel III implementation in the U.S. and discussing the wide range of risks and challenges facing the industry at large. Tim and Clay also discuss how recent digital asset legislation - such as the GENIUS Act - is shaping the view of emerging and developing technologies, the role of global geopolitics and geoeconomics within the financial industry, how U.S. trade policy is viewed internationally and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Mark Sobel, a Senior Advisor at the Center for Strategic and International Studies (CSIS) and U.S. Chairman at the Official Monetary and Financial Institutions Forum (OMFIF), and Josh Lipsky the Chair of International Economics at the Atlantic Council and Senior Director of the Atlantic Council's GeoEconomics Center, to discuss the dollar and the first six months of the Trump administration's dollar policy. The discussion begins with a brief overview of recent developments in the dollar and dollar policy before diving into other factors that may impact the dollar such as geopolitics and economic statecraft, what impact other ongoing events - such as the rise of stablecoins and open clashes in the public sector - have on dollar markets, why the U.S. may have a "plumbing problem" and how to combat it*, how these and other issues impact global economies, why dollar volatility is or isn't a bad sign, and much more. *For more on this topic, read Josh's recent op-ed in the NYTimes here. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay dives into a few recent developments coming out of Washington surrounding the Trump Administration's economic policy - aimed at strengthening financial stability and economic growth. He divides the developments into three categories: Trade and tariffs, tax incentives and a focus on deregulation. Clay analyzes the categories by detailing the recent history of the administration's tariff policy and status of various trade deals, how "The One, Big, Beautiful Bill Act" impacts the fiscal aspect of the larger economic strategy, what recent policy and personnel developments mean in terms of a regulatory environment and clarity regarding digital asset regulation, and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Conan French, IIF Director of Digital Finance, to discuss recent shifts and developments in digital payments and fraud. Conan starts with where the payments landscape stands at this moment before diving into the ongoing status of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, how tech enabled fraud has developed alongside modern payment technology, how different jurisdictions are approaching these and other issues, and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

In this episode of Current Account, Clay is joined by Carsten Brzeski, the Global Head of Macro at ING Research, to discuss developments in the German economy following the recent federal elections - held in February 2025. Clay and Carsten begin with notable changes in the economy since the elections were held before analyzing the recent redefinition of Germany's debt brake, how this constitutional reform aligns with Germany's goals and priorities, how U.S.-imposed tariffs on the E.U. impact U.S.-German relations, the path for Germany to reclaim its historical role as one of Europe's leading economies and much more. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

We discuss how the U.S. trade deficit is linked to its fiscal deficit, and how lessons from history suggest it could be difficult to correct trade imbalances without fiscal reform as well.  The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures