
Quarter 3 Market Commentary 2022
Economic Outlook Inflation Similar to the start of this quarter in the UK, we were hopeful that our journey to Zanzibar would be smooth sailing, unlike the previous weeks. We started the third quarter of 2022 with an inflation rate of 9.1% in the UK,[1] with high hopes of a turning point on the horizon. Unfortunately, that was not the case. Inflation reached a high of 9.9% at the end of quarter three. However, it does seem like there is light at the end of the tunnel, with ra