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S.Africa's finance minister says no 'huge' spillovers from U.S. rate hike
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South African Finance Minister Nhlanhla Nene takes part in a discussion on "Challengers of Job-Rich and Inclusive Growth: Growth and Reform Challenges" during the World Bank/IMF Annual Meeting in Washington October 8, 2014. REUTERS/Joshua Roberts
"The communication and the cooperation that we've been having from the U.S. has actually helped," Nene said on the sidelines of the Group of 20 meeting in the Turkish capital Ankara.
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Markets have priced in a U.S. interest rate hike and are unlikely to see big spillovers from policy normalisation in the world's largest economy, South African Finance Minister, Nhlanhla Nene told Reuters on Saturday.
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"That is why I don't think it's ... an issue that might have huge, unexpected spillovers."
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