Prepare for “Years” of Volatility Ahead – Ortiz
Latin financial markets must dig in for “several years” of volatility as an inevitable adjustment towards higher developed world interest rates is certain to prove disruptive for emerging markets, Guillermo Ortiz, chairman of Mexico’s Grupo Financiero Banorte, warns in an interview with LatinFinance. Although emerging regions including Latin America are “very well prepared” to face tighter liquidity conditions as the global monetary policy cycle normalizes, economies and companies that require external financing are...
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