9th September 2022
Monthly Market Review – August 2022
The global financial markets have been very volatile during the month of August as Central banks in the developed economies raise interest rates to tackle inflation, which is at its highest levels since last four decades in the US, UK, and other developed economies. In the US, inflation is hovering between 8%-9%, whilst in the UK it has crossed 10%. The adverse impact on global supply chain due to Covid-19 pandemic; the significant increase in oil, gas, and commodity prices mainly due to Russia-Ukraine conflict; ease in monetary and fiscal policy particularly in recent years have all contributed towards higher inflation than normally experienced by the developed economies.
