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From Argentina to Turkey, Warning Signs for EM Debt Put Central Banks on High Alert

The first half of 2018 has seen a wobble in the multiyear emerging market rally, with local currencies feeling the heat and capital inflows dropping in recent months amid rising US interest rates, a strong dollar and global geopolitical and trade tensions. As weaker economies begin to feel the pain, EM monetary policies come out of sync – and as ever, central banks are facing some tough decisions.

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