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Schroders

August 8, 2019

Fed Rate Cut Spurs EMs Into Action

Like Brazil last week, India’s central bank surprised markets with a larger-than-expected cut, easing by 35 bps to take the policy rate to 5.4%. The accompanying statement was also rather dovish in tone and suggested more cuts to come. This month’s rate cut had been flagged at the previous meeting, the new governor’s first, which also delivered a rate cut.

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Schroders

August 5, 2019

Boris Johnson: The Challenges Faced By The New UK PM

Boris Johnson has won the Conservative Party leadership contest to succeed Theresa May as prime minister. The former Foreign Secretary and Mayor of London beat Jeremy Hunt, the current Foreign Secretary by a wide margin: 66% to 34% of the votes. From the outset, Johnson must navigate a deeply divided party, and a shrinking majority in parliament. In his campaign, he promised to use a no-deal exit from the EU as a real threat to gain leverage in negotiations.

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