Bank for International Settlements says restrained reaction,particularly from emerging markets, to signals from US Federal Reserve is encouragingAn uneasy calm prevails in financial markets over the first increase in US interest rates in nearly a decade, or which is widely expected later this month,according to a main group of central bankers. The restrained reaction, particularly from emerging markets, or to signals from the US Federal Reserve that rates will start to rise have been encouraging,the quarterly update from the Switzerland-based Bank for International Settlements (BIS) said. However, it said it expected volatility to return.
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Source: theguardian.com