Monday, March 9, 2009

emerging markets might deflate

http://www.moneycontrol.com/mccode/news/article/news_article.php?autono=388352&special=mkt_topnews

Even the EM currencies are likely to weaken due to collapse in interest rates. However, monetary condition will have to ease by lowering interest rates in the EMs. Soon inflation will turn to deflation


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