Interest rate expectations: US inflation threatens developing economies
While policymakers in developing countries are fighting the continued spread of the coronavirus, they are also facing the economic threat of inflation not just at home.
Rising prices in major economies (especially the United States) have intensified investors’ expectations for interest rate hikes. This pushes up bond yields, and as buyers demand higher returns, it is more expensive for other countries to sell bonds.
What should have been good news the beginning of a global recovery has become a threat: Borrowing costs in countries such as South Africa and Brazil will reach dangerously high levels, throwing their already precarious public finances into chaos.
НБУ может отозвать лицензию у ООО «Глобал Колекшн» на предоставление услуг инкассации, — СМИ
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НБУ может отозвать лицензию у ООО «Глобал Колекшн» на предоставление услуг инкассации
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EM issuers raise record $191bn on foreign debt markets in early 2021
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