While there is sentiment that interest rates have peaked, rate cuts are not expected anytime soon. Inflation therefore continues to remain centre stage in market dynamics around the globe. In this article, we consider the causes and implications of persistent inflation.
After a prolonged period of rate hikes by central banks around the world in efforts to curb high levels). Locally, we experienced a cumulative increase of 4,75 basis points, whereas the US witnessed a cumulative increase of 5,25 basis points since the cycle began. These rises in interest rates have stoked mounting fears of a recession.
