This means that the monetary stance of em economies could well be tighter without em policy-makers lifting a finger, and even more so if they tighten policy themselves too.

这意味着，即使新兴市场央行并不调整政策，其政策立场也会趋紧；如果它们自身也加息，其政策立场将更趋于紧缩。

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This means that the monetary stance of em economies could well be tighter without em policy-makers lifting a finger, and even more so if they tighten policy themselves too.

这意味着，即使新兴市场央行并不调整政策，其政策立场也会趋紧；如果它们自身也加息，其政策立场将更趋于紧缩。

youdao