Chart of the Month: October 2023

Despite elevated levels of inflation throughout 2023, there are encouraging signs that peak levels have passed and that the U.S., European and U.K Central Banks have reached the summit of their respective rate hiking cycles. However, the road to their magical 2% target remains uncertain, and we are not yet at a declaration of victory; as such Central Banks remain open to further hikes should inflation see upward pressure in the coming months.