"Amid more uncertainty in the global economy, it is our judgement that Federal Reserve should wait to increase policy rates until there are further signs of inflation rising steadily towards its objective with continued strength in the labor market," Vinals said.
In September, the US Federal Open Market Committee, a body that operates under the Federal Reserve, announced it would keep the interest rate unchanged at 0 to 0.25 percent range.
Federal Reserve Chair Janet Yellen said increasing the interest rate will depend on wide range of economic and financial indicators, including progress towards the 2 percent inflation target and improved labor market conditions.
Vinals, however, urged the US authorities to adhere to gradual changes in the further rates hike.
"The pace of subsequent policy rates increases should be gradual and well-communicated," he argued.
The Federal Reserve has previously stated that an interest rate increase could take place before the end of 2015.
