Beware the Ides of March…
The past 12 months has seen a swift withdrawal of the loose monetary policies adopted by central banks globally, and that had been in place over the previous decade.
Enter the Ides of March 2023 and we witness significant events in markets such as the US banking crisis precipitated by the collapse of Silicon Valley Bank (SVB) and closures of two more regional banks, followed by separate issues in Europe with the share price collapse of Credit Suisse.
In our Q1 update we will review and discuss the recent developments seen in the banking world, which have undoubtedly been a negative headwind for the sector. Also, we must remain cognizant that the broader economic impact of these events will most likely be a slowdown in growth caused by tighter credit conditions. This slowdown in growth should be reflected in a faster than previously expected decline in global CPI rates, which will in turn lead central banks to begin the process of easing policy slowly.
To read the full report download here or view below:
SFS FINAL Q1 2023 Investment Update
If you would like to discuss anything raised in this update or would like a review of your financial position, please do not hesitate to contact us:
Tel: +353 1 70 70 000 or info@seasprayfs.ie
Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates.
https://seasprayfinancialservices.ie/important-disclosures/
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