Emerging markets cash in on the Fed dovish approach

With the Federal Reserve turning more dovish in 2019, one of the main beneficiaries of this shift has been emerging markets (EM).

In the last two weeks, the Reserve Bank of India and the Central Bank of Egypt have both cut interest rates, with other EM central banks also eyeing stimulus moves in the coming months. However, as quickly as this window has opened it may also close, potentially providing EM central banks with only a limited timeframe in which to benefit.

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