“If the central banks in India, Indonesia, and the Philippines progress to debt monetisation, however, this could undermine investor confidence, ” S&P Global Ratings said.
KUALA LUMPUR: S&P Global Ratings has raised concerns about bond buying programmes by central banks in India, Indonesia, and the Philippines progressing to debt monetisation.
It said in a statement on Monday sovereign-bond purchases by emerging market central banks have not spooked the markets because investors accept these operations as Covid-19 emergency actions.
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