EM suffered huge withdrawal of foreign funding in early 2020. Rather than tightening, cb responded to needs of domestic economy

EM suffered huge withdrawal of foreign funding in early 2020. Rather than tightening, cb responded to needs of domestic economy & cut rates. General outflow has stopped, but will they need to raise rates to attract funds back? @Brad_Setser @RobinBrooksIIF
ft.com/content/1140ef… https://t.co/5qcNrXKObq

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