NEW YORK/SAO PAULO -- Emerging nations are jumping on the monetary easing bandwagon just as advanced nations head toward tightening, taking advantage of slower inflation and a reduced risk of capital flight to nurse their economies back to health.
Emerging-market interest rates have fallen precipitously this year, particularly in South America. Brazil's central bank has cut its policy rate a total of 4.5 percentage points in five rounds since the beginning of 2017, arriving at 9.25% in July. Colombia's has made six cuts and Peru's has made two, to 5.5% and 3.75%, respectively.
