Emerging Market Central Banks Expected to Pivot Hawkishly
- 1Citi stated that emerging market central banks are pivoting to a hawkish stance in response to rising core inflation and sustained high energy costs.
- 2The Colombian central bank maintained the policy rate at 12.25% and disclosed its foreign exchange operations scale of $2 billion.
- 3Citi tactically added an overweight cash position for Indonesian government bonds.
So what's the key point?
Emerging market central banks are showing a tendency to keep interest rates high as prices continue to rise. Colombia has kept its interest rate at 12.25%, and Citi has decided to buy more Indonesian government bonds.
Source Investing.com · View original ↗
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