The governor of the Peruvian Central Bank Julio Velarde said most emerging markets want the Fed to lift interest “as soon as possible.”
“Uncertainty about when the Fed will raise interest brings more harm than just raising the interest rate,” he said during a visit to Seoul.
The note is in tune with that of the governor of the Mexican Central Bank Agustin Carstens. During the conference a month ago he said to Reuters, that raising interest rates from the Fed, which is a sign of growing US economy will be “very, very good news for us.”
At the same conference the governor of India’s central bank Raguram Rajan told the Wall Street Journal, that “it is preferable Fed to react sooner and with gradual lifting of interest for which advance signaled rather than be forced to take follow-restrictive measures.