Paul Nyakazeya, Group Digital Editor 
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FIRST Mutual Wealth (FMW) says sub-inflation returns, which have persistently threatened the viability of the money market, are likely to continue in 2022.
Although interest rates increased last year, they still do not compensate investors for inflation risk.
“The trend is unlikely to change significantly in 2022 if annual inflation remains within the double-digit realm,” FMW said in a note last week.
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The firm, however, said innovation within the sector is expected to sustain in 2022, adding that this should offer some relief to its participants.
Indexed money market products, a growing US$ denominated money and bond market are expected throughout the course of 2022.
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