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Demand pull inflation in the US brought central bank intervention with aggressive interest rate hikes, even making their way to Namibia. Domestically, inflation-linked bonds were the best performing asset class in ’22 YTD (+7.96%), followed by cash (+2.19%), the Namibian bond index (+0.89%), NSX commodities (+0.44%), the NSX overall index (-2.13%) and the NSX local index (-3.82%).