Pause in normalisation could be bad news for EMEs – Mexico’s Guzmán
A pause may create a “more complex and uncertain external setting” for EMEs, he says
The global pause in monetary policy normalisation could be bad news for emerging market economies, deputy governor of the Bank of Mexico, Javier Guzmán, said in a speech on April 12.
“This pause in the monetary policy tightening cycle in [advanced economies] may result in a more complex and uncertain external setting for EMEs,” Guzmán said.
While the prospect of lower rates aboard should alleviate short-term pressures on EMEs, he said, the pause is linked to a material downturn in global
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