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Mexico bank chief calls for emerging markets action

Monday, January 18, 2016

Central banks in emerging markets could follow counterparts in the developed world and become “market makers of last resort”, using unconventional monetary policies to try and stimulate their flatlining economies, according to Mexico’s central bank chief.

The comments by Agustín Carstens will add to a rising chorus of concern about the deteriorating prospects for emerging markets in 2016, led by an economic slowdown in China.

Source: Financial Times