Despite signs of recovery, the Asia-Pacific Economic Cooperation forum is worried about an economic relapse and is urging governments to not rush into raising interest rates and avoid the hasty withdrawal of their respective stimulus programs, says a Dow Jones Newswire story published by The Wall Street Journal.
"There will be no rush to tighten monetary policy and that careful planning is need on any stimulus withdrawal," a delegate told Dow Jones. "They are all looking at the Fed for direction. Anyone believing that a round of interest-rate hikes will begin soon is wrong."
The source told Dow Jones that APEC government leaders, and their trade and finance ministers, "still fear a double-dip recession."