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Malaysia to hold rates, most other emerging countries to raise rates


JP Morgan's global head of research, Joyce Chang, who made the presentation, said the expected pace of hikes could end up being slower if the U.S. Federal Reserves keeps its own increases to a minimum. However, the trend will still be upwards and shows the turnaround seen in emerging markets over the last 12 months.

JP Morgan's global head of research, Joyce Chang, who made the presentation, said the expected pace of hikes could end up being slower if the U.S. Federal Reserves keeps its own increases to a minimum. However, the trend will still be upwards and shows the turnaround seen in emerging markets over the last 12 months.

LONDON: This year will see more emerging market countries raise interest rates than at any point since the pre-financial crisis uplands of 2006, analysts at JP Morgan predict.

A presentation by the U.S. investment bank showed 19 of the 24 emerging economies it follows are likely to lift borrowing rates. Only one country, Malaysia, will keep them on hold, while Nigeria, India, China and Turkey are set to cut their rates.

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