StanChart tackles US-China rates divergence

Talking Heads 2022: Policy changes have upended correlations in emerging markets, says rates head Lettich

Risk.net montage

This article is the fifth in a five-part series of interviews with senior bank rates and macro traders. The others – with Barclays, BNP Paribas, Citi and Goldman – can be found here.

Polarised international approaches to Covid-19 have contributed to some dramatic differences in economic outcomes across the world stage.

In the US, the road back to relative normality has led to soaring inflation and, ultimately, a period of aggressive rate hikes. In China, which is still pursuing a zero-Covid