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Tapering More Serious For EMs: Adrian Mowat

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October 21: We have a temporary time out on both the QE tapering and US debt ceiling, says Adrian Mowat of JPMorgan. Tapering is more serious for EMs than the debt ceiling, he says, adding that tapering tells you that interest rates are at the wrong level for the economy. As rates normalize, bond inflows for India are likely to ebb, he adds.