Money supply growth has sometimes preceded inflation surges (like the 1970s–80s and post-pandemic period) but at other times, notably after the Global Financial Crisis, remained decoupled from it, suggesting it's a useful contextual indicator rather than a reliable standalone predictor of inflation.
March’s volatility, driven by geopolitical tensions, has created more attractive entry points across equity markets while reinforcing the value of diversification. Inflation remains broadly contained despite short-term oil price pressures, and both bonds and offshore assets have provided resilience and flexibility. Overall, the environment continues to favour a disciplined, long-term approach, with opportunities emerging from the recent market dislocation.