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IMF official warns of risks from Fed rate hike

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The International Monetary Fund's deputy managing director on Monday warned that there's "considerable scope" for negative spillover from the US Federal Reserve's pending rate hike.

[SEOUL] The International Monetary Fund's deputy managing director on Monday warned that there's "considerable scope" for negative spillover from the US Federal Reserve's pending rate hike.

Mitsuhiro Furusawa told an international conference in Seoul that the Fed can reduce the risk of disorderly capital outflows by continuing to communicate its policy intentions. He added that countries can cope with market volatility through foreign exchange intervention or capital flow management measures.

The deputy managing director also said the IMF sees signs of growth rebounding in emerging market countries next year.

REUTERS

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