Position of US Federal Reserve System may cause increase in oil prices – expert
Astana, Kazakhstan, Jan.29
By Daniyar Mukhtarov - Trend:
After the US Federal Reserve System (FRS), which plays the role of the central bank, marks its position towards oil prices, these prices may rise, said the director of the Kazakh Center for Macroeconomic Research Oljas Khudaibergenov.
'Within six months, the US Federal Reserve will mark its position," said Khudaibergenov at a press conference. "It is most likely that rejection of tightening and growth of interest rates, quantitative easing will take place. It is likely that oil prices will rise within the framework of these measures."
Part of the money will flow to the commodity markets within the framework of the policy, which will become a signal to their participants about the fact that further price declines will not take place, according to him.
"It will be good for Kazakhstan as an oil producing country," he said.
Edited by CN