Strategy Note /
Global

Transitory inflation no more and the policy paradox for EM equities

  • US Fed chair Powell belatedly retired the word "transitory" in describing inflation, many in EM have already done so

  • Policy rates already increased in many EMs but most real interest rates are still low/negative, implying more to come

  • Most vulnerable have high food and fuel household spend and imports; Bangladesh, Jordan, Lebanon, Pakistan, Philippines

Transitory inflation no more and the policy paradox for EM equities
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
1 December 2021
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