Insights

Weekly Market Commentary – 21st March

24 March 2025

This week we saw US tariffs continue to cast their shadow over global markets. A busy schedule for interest rate setting saw most central banks leave rates unchanged. The reasons for this cautious approach were spelled out by the Federal Reserve when it referenced the uncertainty and potential upward pressure on inflation caused by rising tariffs. The OECD cited the same reason for lowering its global GDP growth forecast.