Are "They" Ready for a U.S. Rate Hike?

Are "They" Ready for a U.S. Rate Hike?

MANILA – The possibility that the US Federal Reserve could raise the interest rate for the first time in a decade sent jitters across emerging markets for weeks. Though the Fed has now decided to keep its policy rate ‎unchanged, it also stated that a rate hike is still on the table for 2015. The concern is that countries that are dependent on foreign financing could be hit by sudden outflows of international capital, or that currency depreciation following the Fed hike could raise debt-servicing costs for countries and businesses.

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