EME officials predict volatility from ‘higher for longer’ rates

Fed’s policy set to worsen environment, say officials from Peru, Colombia and South Africa

Julio Velarde
Julio Velarde
Ministerio de Defensa del Perú

Senior emerging market central bankers predict a difficult year ahead, as the US keeps rates high, potentially fuelling global volatility.

“The challenges are huge,” said Leonardo Villar, Central Bank of Colombia governor, told an event hosted by the Reinventing Bretton Woods Committee, a US-based foundation. Continuing high inflation in many emerging market economies has forced central banks to maintain “very contractionary monetary policies in a context where economies are decelerating”.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account