Hawkish central banks reassure EM investors
![AdobeStock_hawk_575x375_19March2021](https://assets.euromoneydigital.com/dims4/default/a5f2e83/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F1d%2F6b%2F6dd32ffce6e1ee3336a845d4c4bd%2Fadobestock-hawk-575x375-19march2021.jpg)
A wave of central bank rate hikes across emerging markets over the last week, particularly in CEEMEA, has stimulated investor confidence amid a volatile period in global markets. The recent rise in US Treasury yields had threatened to pull money away from EM, with a further risk of weakening local currencies.
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