EM investors put focus on India Budget, Chinese rate cut

Jonathan Boyd
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China’s rate cut decision

The PBOC rate cut was in line with my expectations. The government wants to stimulate the domestic economy as inflation remains under control. Having said this, whilst policymakers want to spur growth on, they can’t lose sight of implementing structural reforms and deleveraging parts of the economy.

 

Teera Chanpongsang is portfolio manager of the Fidelity South East Asia Fund