Prep for extended volatility, warn experts

Prep for extended volatility, warn experts

Latin financial markets must dig in for an extended period of volatility as policymakers grapple with the fallout – including on local currencies, prices and interest rates – of rising US Treasury yields, leading experts have warned. Guillermo Calvo, a former IDB chief economist, said that domestic interest rates could rise sharply as liquidity dries up. “The whole bonanza period and the prices of bonds in the region are very much due to external factors. Once those factors threaten to chan

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