Keep calm, carry on: EM central banks still set to ease
|Summary
A geopolitical shock in the Middle East, steady Fed monetary policy and more resilient global growth are unlikely to disrupt central bank easing cycles across the emerging markets. Our Monetary Policy Space framework continues to suggest rate cuts will be delivered over the second half of this year, and in many cases, financial markets may be underpriced for the amount of easing central banks can deliver.
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