🌏 One oil shock, four emerging-market central banks, four different ways of paying for credibility
🌏 Nigeria cuts rates 350bps in one meeting, running the Turkey playbook in reverse
🌏 Brazil eyes a sixth rate cut even as its own economists raise their inflation forecast
🌏 Emerging markets are no longer moving as one bloc against the Fed
🌏 Taiwan and Singapore shrug off the Fed as AI exports boom
🌏 Brazil cuts rates into its own inflation warning, right as the Fed hikes
🌏 Copom cuts as the Fed hikes, and emerging markets stop moving as one
🌏 India's inflation just hit a series high, and the RBI is betting its reserves can absorb the oil shock
🌏 Brazil cuts rates into an oil shock that would normally trigger hikes
🌏 South Africa's current account surplus didn't survive the oil shock that Turkey shrugged off
