Newsletter – June, 2022

The global economy has taken an inflationary turn on the back of rising geo-political tensions, disrupted supply chains and erratic weather conditions. Inflation is at a 40-year peak in US (+8.3% YoY in Apr-22) and UK (+9% YoY in Apr-22). While earlier envisaged to be transitory, it seems stickier in nature now and consequently global central banks are starting the rate tightening cycle.