Room for monetary policy stimulus has ‘narrowed’ in many EMs, World Bank report warns
Largest emerging markets to benefit from ‘structural reform push’ in 2016
The space to combat slow growth with monetary policy stimulus has "narrowed" in many emerging markets, the latest annual Global Economic Prospects report, published by the World Bank, warned on January 6.
Many commodity-exporting economies have been forced to tighten monetary policy to contain inflation and financial stability risk, the report noted, restricting their room for manoeuvre in the event of further external shocks.
"Monetary policy space has diverged between commodity exporters and
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