Fed's Faster Pace of Interest Rate Hikes Raises Risks for States Relying on Dollar - IMF

© REUTERS / Yuri GripasThe International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016
The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016 - Sputnik International, 1920, 17.03.2022
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WASHINGTON, (Sputnik) - The faster pace of interest rate hikes by the US Federal Reserve increases the risks for countries relying on the dollar, International Monetary Fund (IMF) spokesperson Gerry Rice told reporters on Thursday.

"This faster pace of Fed normalization increases the risks faced by other countries relying on dollar funding, especially in emerging and developing economies," Rice said.

The IMF spokesperson explained that the Federal Reserve at present is appropriately moving to a less accommodative stance of monetary policy.

However, evaluating the impact of this policy on emerging markets is more difficult now and should be done on a case-by-case basis, Rice said.
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