EMs discuss monetary responses to policy spillovers in major BIS publication

The Bank for International Settlements

Long-term interest rates in advanced economies has increasingly come to affect how policy is set in emerging market economies over the last few years, according to a survey conducted by the Bank for International Settlements (BIS) and discussed at a meeting of emerging market central bank deputy governors in Basel earlier this year.

According to the survey of 23 emerging market central banks, the long-term interest rate – or bond rate – in advanced economies overtook advanced economy policy rate

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