Wednesday, June 27, 2007

OECD plays down emerging markets sell-off risk

(Reuters) - Organisation for Economic Co-operation and Development (OECD) Secretary General Angel Gurria said on Wednesday he did not believe there was a risk of an emerging markets selloff due to global monetary tightening.

"I don't think the whole situation today is conducive to any kind of very dramatic or very unexpected events," Gurria told Reuters at a conference when asked about whether there was a risk of an emerging markets selloff amid global tightening.


Read more at Reuters Africa

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