Emerging Economies

: That, in turn, is cause for worry for some emerging economies, who have been pushing for the Fed to hold off on readjusting its monetary policy, according to Deutsche Welle. There had also been speculation that the drafters of the G20 communique that will be issued at the end of the group two-day meeting in Ankara, Turkey, could include a clause describing a possible rate hike as a serious risk to global markets. Adding to their worries is the prospect of a interest rate hike by the US Federal Reserve, which has hinted that the US economy could handle higher costs for borrowing because it is faring much better than when rates were lowered. Rather not rock the boat But now a diplomatic source, quoted by news agencies, has said the G20 won't publicly call for any such delay. Developing countries had pushed for a specific warning for the Fed not to raise interest rates. Instead, when the finance ministers and central bank chiefs of the world 20 leading economies meet Friday and Saturday in Ankara, their joint declaration will contain broader language welcoming measures to stabilize economies and reduce volatility, the source said. (news.financializer.com). As reported in the news.