There are many factors that influence market trends. It is estimated that the global economy will continue to grow this year and next, but there is still uncertainty regarding the pace of growth. In addition, China has recently begun the recovery phase following prolonged lockdowns due to the coronavirus pandemic, but the recovery period is still unclear.
Economic recovery causes inflationary pressures; This may prompt central banks to intensify their efforts to control inflation.
The overlap between these and other factors limits clarity, and the only reasonable course of action in such an uncertain environment is to keep the agreement we made last October for the rest of this year, and that is what we intend to do; We must ensure that the positive indicators are sustainable.
There are those who still believe that we may amend the agreement before the end of the year, and I tell them that they have to wait until Friday, December 29, 2023, to witness our full compliance with the current agreement.
