Top Emerging Markets Hiking Interest Rates Last Week: Indonesia, UAE & More (

NOTE: Check out our emerging market ETF listsADR lists (updated) and closed-end fund (updated) lists (also see our site map + list update status).

  • Indonesia: The country’s central bank announced a higher-than-expected interest rate hike on Thursday by 50 bps to 4.25%.
  • United Arab Emirates: It announced a 75 bps interest rate hike, at par with the Fed to 3.15%.
  • South Africa: The South African Reserve Bank hiked the repurchase rate by 75bps to 6.25% for the 6th consecutive time.
  • Saudi Arabia: The Saudi Central Bank hiked rates by 75 bps to 3.25%.
  • Philippines: The country’s central bank undertook the highest interest rate hike in over 3 years by 50 bps to 4.25%.
  • Taiwan: The central bank raised interest rates by 12.5 bps for the third consecutive quarter. READ MORE

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