|
|
Article: Americas: Interest Rates - Latin America Pins Debt Hopes On US Liquidity - The Effects Of An Increase In US Interest Rates On The Latin American Economy May Be Neutralised If The US Can Also Deliver Strong Economic Growth, Writes Monica Campbell.
- Article from:
- The Banker
- Article date:
- October 1, 2004
CopyrightCOPYRIGHT 2004 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
You don't need to be in Washington to know when US Federal Reserve chairman Alan Greenspan and his brethren emerge from their regular policy-making huddle. The global finance community awaits the result with bated breath. But in a break from the typical secrecy that shrouds Federal Reserve meetings, the outcome of the officials' latest sit-in, held on August 10, was expected. As advertised, the Fed raised its target for short-term interest rates from a 46-year low of 1% at the beginning of 2004 to 1.5%. It marked the second interest rate rise since June.
US officials play down the effects that climbing rates in the US can have on other countries. "The rise in ...