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Main » 2015 » October » 12 » The Ministry of Finance of China: the US Federal Reserve should postpone rate hikes
The Ministry of Finance of China: the US Federal Reserve should postpone rate hikes

SHANGHAI (Reuters) - Now is not the right time for the United States to raise interest rates, given the global economic situation, China's Minister of Finance Lou Jiva.



In an interview with the publishing house China Business News on the sidelines of the annual meeting of the Board of the International Monetary Fund and the World Bank Group in Lima, Peru, Mr. Lu said that the slowdown in the world economy is to blame developed countries, because the slow recovery of the economy does not create enough demand.

"The United States is still not ready to raise interest rates, and it is because of global responsibility the Fed can not decide to do it," said Mr. Lu. Earlier, Christine Lagarde called the slowdown in China's normal.

The Minister of Finance said that the US "must take responsibility for the situation in the global economy" due to the dollar's status as the world currency. Asked about the situation in the global economy, Mr. Lu said that the problem in developing countries.

Earlier, deputy chairman of the US Federal Reserve, Stanley Fischer, said that US interest rates are likely to be raised this year.

He also welcomed the structural reforms in Europe, but noted that geopolitics and refugee crisis in Syria will affect the region's economy. The slowdown of the Chinese economy he described as a normal process. 

According to the materials WELTRADE


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