Emerging Market Central Banks Face Toughest Test Since Taper TantrumBy
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…
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