Emerging market central bankers have urged the US Federal Reserve to raise rates sooner rather later in order to end the uncertainty over Fed policy that has pummeled stock markets and currencies in recent weeks.
“We think US monetary policymakers have got confused about what to do. The uncertainty has created the turmoil,” said Mirza Adityaswara, senior deputy governor at Indonesia’s central bank.
“The situation will recover the sooner the Fed makes a decision and then gives expectation to the market that they [will] increase [rates] one or two times and then stop.”
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