May

Emerging Market Central Banks Face Toughest Test Since Taper Tantrum

Subdued inflation, firmer current accounts provide insulation
Conditions vary but overall defences are in better shape

Emerging market central banks are facing their stiffest test since the 2013 taper tantrum.

Investors are increasingly betting the Federal Reserve will keep raising interest rates into 2019, sending the dollar soaring against most developing-nation currencies in the past month…

Categories : Finance

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Emerging Market Central Banks Face Toughest Test Since Taper Tantrum

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