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Indonesia central bank monitoring for impact of possible US monetary tightening

Indonesia central bank monitoring for impact of possible US monetary tightening

An employee of Bank Indonesia stands next to a giant one thousand rupiah coin on display inside the bank's headquarters in Jakarta, Indonesia on Mar 16, 2016. (Photo: Reuters/Garry Lotulung)

JAKARTA: Indonesia's central bank is monitoring the possibility of US monetary tightening this year and next year, given the implications for capital flows into emerging markets, currency stability and bond yields, its governor said on Tuesday (Jun 15).

Bank Indonesia (BI) and the finance ministry will coordinate to mitigate such global uncertainties, including by intervening in foreign exchange markets and taking other measures to ensure increases in bond yields were "not too high", BI Governor Perry Warjiyo said in an online seminar.


Source: Reuters

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