Economics
Turkey to Set Tone Again for Emerging Markets This Week
- Investors concerned about potential EM fund outflows: Fidelity
- Turkey’s central bank vowed to reshape monetary policy stance
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Events are likely to unfold quickly for emerging markets this week as Turkey and Argentina move to shore up their currencies after they took a battering last month.
The Turkish central bank on Monday vowed to reshape its monetary policy stance next week after inflation accelerated in August to the fastest pace since 2003. Argentine President Mauricio Macri said his administration would raise taxes and cut spending, bringing forward its target of a balanced budget by one year.