Monetary Policy Providing No Tailwind for Emerging-Markets Equities
The monetary policy cycle looks unlikely to provide a significant tailwind to emerging-market equities in coming months.
Michael Hood
May 15, 2013
The European Union (EU) flag, left, and the Hungarian national flag fly above the entrance to the Magyar Nemzeti Bank, Hungary's central bank, in Budapest, Hungary, on Wednesday, Feb. 15, 2012. Ferenc Gerhardt and Gyorgy Kocziszky, two of four outside members in the Monetary Council, split from the majority in December, backing a quarter-point increase to 6.75 percent, rather than the eventual outcome of a half-point advance. Photographer: Akos Stiller/Bloomberg
Akos Stiller/Bloomberg
