LONG VIEW Analysis of long-term trends Todays dicult and uncertain market conditions have brought fresh but ultimately familiar challenges for treasurers. Liz Loxton reports W ith the war in Ukraine, spiralling energy costs, global supply chain bottlenecks, 2022 delivered the biggest inflationary shock for more than 40 years. Central banks had already begun to increase their interest rates the Bank of England put its rate up from 0.1% to 0.25% in December 2021 as it could already see inflationary pressures gathering. But it then proceeded to increase its rate throughout 2022, including a 0.75 percentage point increase in November 2022, the largest IStock / DrAfter123 VOLATILE CONDITIONS: HOW TO AVOID BEING SHAKEN THIS ISSUE 13 SCOPE 3 What you need to know about greenhouse gas disclosures 16 TALENT RETENTION How you can keep your best players in a tough recruitment market 20 CRYPTO LESSONS Ponzi schemes or means of exchange, crypto is a turbulent ride treasurers.org/thetreasurer ISSUE 1 2023 7 TT ISSUE 1 23 pp6-11 cover feature.indd 7 23/02/2023 09:03