By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income DM central banks are in a catch up mode, but many EMs are still frontloading hikes, so the policy rate differential between EM and DM is peaking but still substantial. ECB’s Hawkish Liftoff The European central bank (ECB) delivered a hawkish surprise this morning, initiating the first [...] The post Liftoffs, Step-Ups, Doubts appeared first on ETF Trends .