Strategy Note /
GlobalUS inflation will force EM central banks to hike more
Higher-than-expected US inflation implies greater rate hikes and US$ strength; negative for most of EM
Real rates measure how ahead or behind the inflation curve is a central bank; in the US, this is negative 7.6%
Much of EM hiked earlier compared with DM but widespread negative real rates imply there is much further to go
Hasnain Malik
Strategy & Head of Equity Research @ Tellimer Research
13 June 2022
Published byTellimer Research
