Rollout Gives Fresh Spur to Low-Rate-Loving Emerging Markets
- Policy rates will be low for years, bolstering risk: JPMorgan
- Indonesia, the Philippines, Russia, Mexico set to hold rates
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Emerging markets are closing in on the final phase of 2020 with investors anticipating further stimulus while keeping a close eye on the rollout of vaccination programs.
Continued support from central banks and optimism that coronavirus vaccine developments will sustain a global economic recovery next year have fueled a rush to riskier assets, sending gauges of developing-nation stocks, currencies and bonds to six straight weeks of gains.