Regulated prices insulate consumers in India from surges in global energy prices but they are no protection against – and, indeed, they contribute to – shortages of fuels and related products. We’ve...

Brazil's central bank kicked off its easing cycle this week and, given how high real interest rates are, we think that it's one of the few EMs that has room to loosen policy further even if global...

Communications from central banks in the region suggest that the uncertainty from the Iran war will prompt them to stand pat for the time being, but strong underlying price pressures mean that...