Emerging/Frontier Markets Sovereign Credit Outlook 2023 with Patrick Curran
The Emerging Markets Podcast by Tellimer
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The Emerging Market Crisis of 2022
Inflation and its impact on monetary policy will definitely continue to be a dominant theme in 2023. In the US markets are pricing about another 60 basis points of rate hikes through the middle of this year, followed by a complete reversal of those hikes by year-end. There's also a risk that if inflation surprises to the upside or the disinflation process is slower than expected, then the terminal rate may have to go above the 4.75 to 5% range being priced by markets. This could lead to a tightening of financial conditions and strengthening of the dollar, which would constitute a headwind for EMS since.
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