Emerging market central banks turn hawkish on inflation, Citi says
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com - Emerging market central banks are pivoting toward a more hawkish stance to combat rising core inflation and sustained high energy costs, setting the stage for diverging local bond market returns next year, according to a research report from Citi. Still guessing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA hawkish shift by emerging market central banks can drive divergent local bond market returns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01According to a Citi report, emerging market central banks are shifting toward a more hawkish stance.
- 02The stated drivers are rising core inflation and sustained high energy costs.
- 03Citi warns of the risk of second-round inflation effects.