Fed’s gradual tightening could be boon for some, says Armenian governor

The Central Bank of Armenia

In contrast to the 2013 ‘taper tantrum’, the Federal Reserve’s actions to dial back monetary easing could be good news for many emerging market economies (EMEs), Martin Galstyan, governor of the Central Bank of Armenia said during an International Monetary Fund webcast held on October 27.

Although the gradual normalisation of Fed policy could trigger capital outflows from central Asian economies, this may still produce a “soft landing” for countries with limited imbalances, he said.


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