Bloomberg
Rate-Hike Bets in Emerging Markets Getting Excessive, Funds Say
(Bloomberg) — When it comes to betting on higher borrowing costs in the developing world, some investors may be getting ahead of themselves.In markets from South Africa to Mexico and South Korea, traders are penciling in a faster pace of interest-rate hikes than what economists say is currently warranted based on the inflation outlook.“Almost all of them are overpricing tightening,” said Shamaila Khan, head of…
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