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Monthly Market Highlights – March 2024

| Investments, Market Forces

Interest rates in SA, the US, UK, Eurozone and China remain steady. The Bank of Japan has ended eight years of maintaining negative interest rates, signalling a historic departure from attempting to stimulate growth through extensive monetary interventions.

The South African economy saw minimal growth of 0.1% in Q4 2023. The data indicated that Africa’s most industrialised economy narrowly avoided a technical recession after a contraction of 0.2% in Q3 2023. Inflation rose in February to 5.6% year-on-year (y/y) from 5.3% in January and 5.1% in December.

The picture in the US was similar. Consumer prices increased 0.4% in February and 3.2% y/y. Consumer prices in the UK rose by 3.4% y/y after a 4% increase in January, the weakest rate of inflation since September 2021. Inflation in the 20-nation Eurozone eased to 2.6% in February.

Please click below to read more in our Monthly Market Highlights. This document is a more thematic and visual economic and market recap in the form of graphs, articles and other news items from different publications and media.

Click here to download the PDF.

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