A construction worker directs others as they walk past an artist's impression of the Central Business District under construction in Beijing. Last week’s succession of interest rises in several major developing economies suggest they are turning more hawkish., but the fact some emerging market central banks continue to cut rates when the Fed is lifting them shows just how far developing economies have come since the mid-1990s. (AP Photo/Ng Han Guan)
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Emerging market monetary policies not nearly as linked to the Fed as they once were

The fact some emerging market central banks continue to cut rates when the Fed is lifting them shows just how far developing economies have come since the mid-1990s

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A construction worker directs others as they walk past an artist's impression of the Central Business District under construction in Beijing. Last week’s succession of interest rises in several major developing economies suggest they are turning more hawkish., but the fact some emerging market central banks continue to cut rates when the Fed is lifting them shows just how far developing economies have come since the mid-1990s. (AP Photo/Ng Han Guan)
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