EM Rate Hikes – Engage!
March 22, 2021 at 07:30 AM EDT
By Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy Central banks in Turkey and Brazil delivered bold and larger than expected rate hikes, confirming that monetary policy in EM is decoupling from DM majors. Never (ever) underestimate Emerging Markets (EM) central banks’...