The European Central Bank and the Bank of Canada in June joined the ranks of big central banks easing policy, while emerging markets ploughed ahead in their ...
LONDON - The European Central Bank and the Bank of Canada in June joined the ranks of big central banks easing policy, while emerging markets ploughed ahead in their quest to lower interest rates.
"We're in this global disinflation path - it's just probably a bit slower than what we'd hoped for six months ago," said Paul Greer, portfolio manager at Fidelity International. "Obviously, the Fed hasn't been cutting as aggressively as markets ," said Ray Jian, a portfolio manager at Amundi, adding that emerging markets also had their own idiosyncratic drivers that slowed down the speed of easing across developing nations, especially on the fiscal side.
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