‘Fed’s decision will lead to international volatility’

Mexico City, Sep 19 (IANS) The decision taken by the US Federal Reserve not to modify its interest rates will lead to protracted volatility on international financial markets, said the head of the Mexican Stock Exchange on Friday.

“Uncertainty in the markets will remain and I believe we will see volatility. However, volatility also creates investment opportunities which we hope to capitalize on,” Jose Oriol Bosch told reporters.

“They delayed a decision that they will need to take sooner or later,” Bosch said.

“Nevertheless, the Mexican financial system is prepared to face this volatility.”

On Thursday, the Fed decided to leave the federal interest rate unchanged at 0.25 percent.

This spooked markets because they saw the move as indication that the US central banking system lacks confidence in its country’s current recovery.

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