Brazilian Finance minister Jaquim Levy in statement on Fed policy normalization to IMF Steering committee at IMF, World Bank in Washington in Saturday:
- “The normalization of monetary policy in the U.S. will possibly lead to an increase in speculative short-term capital movements with potential adverse effects on financially open emerging market and developing countries.
- “However, the dollar appreciation may lead to a rebalancing of U.S. growth towards higher consumption with lower inflationary pressures. This means that the interest rate path may follow a more moderate increase than it would be observed in the absence of exchange rate movements.”
ON GREECE
- “With regard to Greece, we hope that a debt agreement be reached soon, as we believe it is the best solution to Europe.”
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