NEW DELHI, Sept 18: With the US Federal Reserve maintaining status quo over rates, Economic Affairs Secretary Shaktikanata Das today said the decision is good for emerging markets like India and provide space for policy adjustment.
“The Federal Reserve decision seems good for the emerging markets,” he said, adding it provides room for authorities for policy adjustment.
The US Federal Reserve kept its interest rate unchanged and said that the rate hike in the future will be “calibrated and cautious”.
“There were expectations that United States will increase their rates. Expectations were based on certain logic. But I think that the US Fed has given a clear signal … That any adjustment will be very calibrated and cautious,” he said.
Das said the government would continue to strengthen its macroeconomic stability and undertake reform measures. (PTI)
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