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Fed stimulus pressures emerging market currencies-Chile finmin
December 13, 2012 / 6:21 PM / 5 years ago

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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