Emerging markets’ bond-buying experiment paid off, but for how long?
Quantitative easing was adopted by more than a dozen EMs, including SA, seeking to combat economic pain from the pandemic
29 December 2020 - 16:17
London — Many emerging markets (EM) emulated their developed peers this year with bond-buying programmes that successfully tamped down borrowing costs, yet unease is also stirring about the possible hit to hard-won monetary policy independence.
Quantitative easing (QE), until recently the preserve of advanced economies such as Japan or the US, was adopted this year by more than a dozen emerging markets seeking to combat economic pain from the Covid-19 pandemic...
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