CommBank View: Economics & Markets

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Episodes

402

Latest episode

Jun 2026

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EN-US

About the show

CommBank View: Economics & Markets podcast is your expert guide to what’s shaping domestic and international economies and markets. Hosted by finance journalist Mandy Drury, the podcast draws on insights from CommBank's Global Economic & Markets Research team to break down the key economic data, market moves and policy decisions shaping our world. Each episode unpacks the forces behind the headlines, explores emerging risks and opportunities, and dives deep into the big themes influencing markets. Information in these podcasts is for informational purposes only and is not to be relied upon for any investment purposes. It does not take into account your objectives, financial situation or needs and does not constitute personal finance advice.

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June 16, 202629 min

Commercial Property Emerges as New Focus for Investors

With major changes to negative gearing and capital gains tax set to dampen the appeal of residential property for investors, where will capital flow to instead? Host Mandy Drury speaks with CommBank Director, Commercial Property Kevin Stanley about why commercial property may become a more attractive option for some investors as a result of the recent tax reforms. They discuss the outlook for rental housing supply, and how capital could shift between residential and commercial assets in the years ahead. They also explore the outlook for office, retail and industrial property, why shopping centres continue to outperform expectations, and how emerging sectors such as data centres are creating new opportunities across the commercial property market. Plus, CommBank Associate Director Australian Economist Harry Ottley outlines the series of central bank decisions expected this week and key themes markets are watching. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

June 9, 202628 min

Housing Market Outlook: Has the Slowdown Begun?

Australia's housing market has remained remarkably resilient, but is the slowdown only just beginning? Host Mandy Drury speaks with CommBank Senior Economist Trent Saunders about the latest trends in the housing market and why sentiment is starting to weaken. They discuss softer auction clearance rates, longer selling times and how higher interest rates and recent housing tax reforms are weighing on buyer and investor confidence. They also explore why CommBank economists now expect house prices to remain broadly flat through 2026, what the changes to negative gearing and capital gains tax could mean for affordability and investment, and what could help stabilise the market as interest rates eventually begin to ease. Plus, CommBank’s Associate Economist Lucinda Jerogin shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

June 2, 202631 min

Energy Markets: Is This the Calm Before the Storm?

Have energy markets become too complacent about the risks of the Iran conflict? Host Mandy Drury speaks with CommBank's Head of Commodities & Sustainability Research Vivek Dhar about why oil and fuel prices have eased despite ongoing disruptions in the Strait of Hormuz. They discuss the role of global inventories, the risk of another energy price shock, and why the next few weeks could prove critical for oil markets. They also explore what higher energy prices mean for Australian households and businesses, the outlook for petrol, gas and electricity prices, and how the crisis is reshaping the conversation around energy security, electrification and the transition to a lower-carbon economy. Plus, CommBank’s Associate International Economist & Currency Strategist Samara Hammoud shares the key focuses for markets this week. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

May 26, 202625 min

Stuck Behind the Strait: Agriculture in the Firing Line

The closure of the Strait of Hormuz is disrupting global energy markets, but could agriculture be the next sector caught in the firing line? Host Mandy Drury speaks with CommBank Agricultural & Sustainability Economist Dennis Voznesenski about how the conflict in the Middle East is driving up fertiliser and fuel costs for farmers and exposing Australia’s reliance on imported agricultural inputs. From fertiliser shortages to pressure on grain production, they unpack how supply chain disruptions could eventually flow through to food prices and the broader economy. Dennis explains why fertiliser prices have surged since the start of the conflict, why grain prices have not yet fully responded, and which parts of the agricultural sector are most exposed. He also discusses how farmers are adapting their practices, how quickly conditions could improve if a peace deal is reached, and what Australia can do to build greater agricultural resilience over the longer term. Plus, CommBank International & Sustainable Economist John Oh shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

May 19, 202635 min

US-China Summit: What Happens Next?

The latest summit between Presidents Trump and Xi maintained the fragile trade truce between the US and China, but how much progress was really made on the issues shaping the global economy? Host Mandy Drury speaks with CommBank Senior Geo-Economics Analyst Dr Madison Cartwright about what the summit means for the future of US-China relations, including the ongoing disputes over semiconductors, rare earths and Taiwan. He also discusses why China is unlikely to play a decisive role in ending the Iran conflict, and why the ceasefire remains fragile despite ongoing negotiations.CommBank Head of Foreign Exchange, International & Geo-Economics Joe Capurso then joins the conversation to discuss the economic impact of the ongoing disruption in the Strait of Hormuz and what it means for global growth, inflation and energy markets. He also explains what the latest Chinese economic data reveals about the health of the world’s second-largest economy, whether more stimulus is likely, and the structural challenges shaping China’s long-term growth outlook. Plus, CommBank Senior Associate in Market Strategy & Rates Research Michael Tang shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

May 14, 202632 min

Federal Budget: Big Ambitions, Mixed Results

The Federal Budget attempts to tackle everything from inflation and housing to long-term budget repair, but how much will it really change the outlook for the Australian economy? Host Mandy Drury speaks with CommBank Chief Economist Luke Yeaman and Head of Market Strategy & Rates Research Adam Donaldson about the key measures in this year’s Budget and whether the Government struck the right balance between spending, savings and reform. From the impact on inflation and interest rates to the long-term path for deficits, debt and Australia’s economic resilience, they unpack what the Budget means for households, businesses and the broader economy. Luke explains the major housing tax changes, including the end of negative gearing and reforms to capital gains tax, and what they could mean for home prices and affordability. Adam also discusses what the improved fiscal outlook means for Australia’s AAA credit rating, bond issuance and state budgets. Plus, CommBank’s Associate International Economist & Currency Strategist Samara Hammoud shares the key focuses for markets this week. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

May 6, 202628 min

RBA Rates Decision: What Happens Next?

The Reserve Bank has delivered another interest rate hike, but is the tightening cycle now nearing its end and how concerned should policymakers be about stagflation risks? Host Mandy Drury speaks with CommBank Head of Australian Economics Belinda Allen about the RBA’s latest decision to lift the cash rate to 4.35% and why inflation remains the central concern for policymakers. From rising inflation expectations to the economic impact of the Middle East conflict, they unpack the difficult balancing act facing central banks as growth slows and supply shocks continue to pressure prices. Belinda explains why the RBA now believes it has space to monitor developments from here, what could still trigger another rate hike later this year, and why maintaining credibility on inflation remains critical in a world of rolling economic shocks. She also discusses the risk of stagflation, the outlook for household spending and housing, and whether inflation pressures could prove more persistent than expected. Plus, CommBank’s Harry Ottley shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

April 29, 202641 min

In Conversation with Treasurer Jim Chalmers

For this special bonus episode, CommBank Chief Economist Luke Yeaman sits down with the Treasurer of Australia, Dr Jim Chalmers. They discuss the long-term direction of the Australian economy in a world shaped by geopolitical tensions, technological change and shifting global dynamics. From the breakdown of the rules-based order to the risks and opportunities of a “churn and change” environment, they explore how Australia can position itself in this new era. The Treasurer also shares his perspective on the Iran conflict and its economic impact, including risks to fuel supply, alongside the outlook for inflation and interest rates following the latest data. They discuss what to expect from the upcoming Federal Budget, the role of tax reform, and how structural pressures could shape productivity, jobs and the future of work. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

April 28, 202624 min

De-dollarisation: Is the US Dollar at Risk?

The US dollar has long dominated global markets, but is that starting to change and what would it mean for the global economy? Host Mandy Drury speaks with CommBank Senior Economist and Currency Strategist Kristina Clifton about what de-dollarisation really means and why it’s back in focus. From rising geopolitical tensions to renewed pressure on the US Federal Reserve under President Trump, they explore what is driving the debate and how it connects to questions around central bank independence. Kristina explains whether the Fed is likely to maintain its independence and what that means for confidence in the US dollar. She also outlines which currencies could challenge its dominance, and why alternatives like the euro and Chinese yuan face significant hurdles. Plus, CommBank’s Lucinda Jerogin shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.

April 21, 202623 min

Consumer Spending: Feeling the Impact of War

Australia’s consumer spending has remained surprisingly resilient, but early signs suggest that may not last. Host Mandy Drury speaks with CommBank Senior Economist Ashwin Clarke about how households are responding to rising cost pressures linked to the Middle East conflict. From higher petrol prices to broader cost-of-living impacts, they unpack how global shocks are filtering through to everyday spending and business activity. Ashwin explains why household spending has held up so far, supported by savings buffers and a willingness to absorb short-term income shocks. But with sentiment deteriorating, real incomes under pressure and unemployment expected to rise, the outlook is becoming more uncertain. Plus, CommBank’s Dr Hamid Yahyaei shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast. Usage of Artificial Intelligence To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.See omnystudio.com/listener for privacy information.