Emerging markets quantitative easing programmes largely positive
By IANS |
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Moody s.. Image Source: IANS News
New Delhi, April 14 : Moodys Investors Service has said in a new report that while the quantitative easing (QE) programmes launched by the central banks in the emerging markets are largely positive, the risks involved vary widely because of differing macroeconomic fundamentals.
In the report, Moody s analysed 11 emerging markets where the central banks have embarked on the largest QE programmes India, Chile, Colombia, Croatia, Ghana, Hungary, Indonesia, the Philippines, Poland, South Africa and Turkey. Improved policy frameworks and institutional arrangements have supported the success of central banks QE programmes. In most markets, QE launched at the height of the Covid-19 pandemic has helped offset the effect of capital outflows and brought down long-term bond yields as governments financing needs increased, said Deborah Tan, Assistant Vice
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