AfricaBusiness.com

September 20, 2013

Xinhua: Fed's Decision Not to Cut Stimulus 'Prudent'

Filed under: Business — Africa Business @ 8:00 am

The U.S. Federal Reserve’s decision to delay reducing its massive monetary stimulus appears prudent, China’s Xinhua news agency said on Thursday.

“The Fed’s ‘no taper yet’ decision seems prudent at the moment as the global economic outlook remains gloomy,” the official state-run agency said in an English-language commentary.

“However, while the unconventional monetary measure may be effective in boosting market confidence in the short run, the flip side is also evident,” …

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