End of Easing Cycle Makes for a Picky Time in Emerging Markets

SectorFinancial Markets

September is shaping up to be the month when the dial on the interest-rate compass no longer pointed so markedly south for the world’s developing economies.Of the six major emerging-market central banks due to decide policy in the coming week, only one -- South Africa’s Reserve Bank -- is forecast to lower borrowing costs, extending a pattern that saw Malaysia, Peru, Ukraine and Chile keep rates unchanged this month.The diminishing willingness of policy makers to reduce interest rates -- not to mention ...read more...