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How emerging market central banks are staying ahead of the inflation curve

  • Rising concern that global inflation surge may not be transitory, which could push DM central banks to tighten quicker

  • EM central banks have been more proactive, pushing up real rate differential with the US from 0.4% to 1.6% ytd

  • If EM central banks continue to stay ahead of the curve, EM currencies should be partly insulated from tighter DM policy

How emerging market central banks are staying ahead of the inflation curve
Patrick Curran
Tellimer Research
13 November 2021
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