EME central banks must keep policies tight, says IMF deputy

Gita Gopinath
World Economic Forum

The International Monetary Fund’s number-two official urged emerging market central banks to “remain resolute in keeping policies tight” in a May 17 speech.

Gita Gopinath said emerging markets were handling advanced economies’ rate hikes far better than they had in the late 20th century.

Emerging market economies now enjoyed more effective monetary and exchange-rate policies, she said. They had also developed better capitalised and regulated banks and more sizable international reserves, she

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