from The BRICS Post:
Russian Finance Minister Anton Siluanov told reporters Saturday that the BRICS group of nations – Brazil, Russia, India, China and South Africa – are concerned about reports that the US and other developed economies will end their current policies of monetary easing.
In a bid to increase liquidity (monetary supply) and promote lending – in particular when interests rates near rock-bottom levels but fail to revitalize the economy – Central Banks can resort to quantitative easing by flooding financial institutions with capital.
Speculation that the US is among some who are terminating stimulus packages has rocked money markets in emerging economies as currencies continue to lose ground to the greenback.
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