• The rand regained some lost ground as the US dollar weakened and risk sentiment stabilised somewhat.
• Consumer inflation rose unexpectedly to 7% in February from 6.9% in January, pushed up mainly by sticky food prices.
• The US Fed hiked the federal funds rate by a further 25 basis points (bps) to 5% despite the recent turmoil in the banking sector.
• The S&P Global PMIs for advanced countries showed improved business activity in March, but the boost continued to come from services rather than manufacturing.
• The Bank of England raised its bank rate by 25 bps to 4.25% after inflation surprised on the upside, edging up to 10.4% in February from 10.1% in January...

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