Three points on the latest EM central bank meetings

After months of aggressive interest rate hikes, the end of tightening cycles in parts of Emerging Europe and Latin America is creeping closer. But inflation concerns mean that policy rates are likely to remain high for a long time yet. Meanwhile, tightening cycles in Asia are in their early stages. And at the other end of the spectrum, rate hikes look off the table entirely in Turkey, despite the latest plunge in the lira.