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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below