Oil price falls won’t let high inflation EMs off the hook

Although the recent drop in oil prices will continue to exert downward pressure on inflation in most parts of the emerging world, it won’t provide a lasting solution for the economies with high, deeply embedded inflation problems. As a result, policymakers in the likes of Brazil, Russia, Turkey and South Africa will have to keep monetary policy tight for the foreseeable future.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.