History suggests that the sell-off in EM currencies over the past couple of months could be large enough to push central banks in Mexico, Brazil and South Africa to raise interest rates – although the scale of any tightening is likely to be much smaller than has already been undertaken by policymakers in Turkey and Argentina.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services