Fed stimulus pressures emerging market currencies-Chile finmin
SANTIAGO Dec 13 (Reuters) - The Federal Reserve's promise to pump more money into the U.S. economy is a "worry," as it can further pressure currencies of emerging market countries, Chile's Finance Minister Felipe Larrain said on Thursday.
The Chilean peso and a raft of other currencies in the developing world have strengthened due to historically low interest rates and stimulus programs in the developed world.
Larrain spoke during a press conference with International Monetary Fund Managing Director Christine Lagarde and central bank president Rodrigo Vergara after a meeting to discuss the world economy.
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