End of Easing Cycle Makes for a Picky Time in Emerging Markets
- South Africa may ease this week; others likely to stand pat
- BNP Paribas turns more selective on emerging-market assets
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September is shaping up to be the month when the dial on the interest-rate compass no longer pointed so markedly south for the world’s developing economies.
Of the six major emerging-market central banks due to decide policy in the coming week, only one -- South Africa’s -- is forecast to lower borrowing costs, extending a pattern that saw Malaysia, Peru, Ukraine and Chile keep rates unchanged this month.