HIGHER INFLATION EXPECTED

PSG Wealth is expecting higher inflation expectations and depreciating currencies continue to reinforce the pressing need for central banks to accelerate the normalisation of their policy rates, tightening global financial conditions. On balance, capital flow and market volatility are expected to remain elevated for emerging market assets and currencies. While the implied policy rate path of the Reserve Bank’s quarterly projection model indicates gradual normalisation through 2024. The next release date for CPI data is scheduled for Wednesday, 19 April

2023.