Weekly Market Update - 23 May

In another volatile week in markets, the focus remains on how central banks plan on taming inflation and the impact this could have as economic growth around the world continues to slow down. Inflation appears to be having an impact on consumer confidence and therefore consumer spending. Central banks remain focussed on taming inflation, with the European Central Bank set to raise interest rates for this first time since the pandemic in the coming months. Meanwhile in China, the central bank takes action to support its weakening property market.