Comment: Emerging market jitters

Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually lead to a deterioration in macroeconomic fundamentals in many cases.

COMMENT BY CENTRALBANKNEWS

The Central Bank of Iceland yesterday hiked interest rates by another 75 basis points and stepped up its hawkish rhetoric. For some time now analysts

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