IMF Says Indonesia Policy Should Be ‘More Proactive’
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Bank Indonesia should signal a greater readiness to boost borrowing costs amid signs of acceleration in the economy, the third-strongest among Group of 20 nations last year, the International Monetary Fund said.
“I think they’ll need to be more proactive going forward on monetary policy,” Thomas Rumbaugh, division chief at the IMF’s Asia & Pacific Department, said in a conference call today. “We believe there needs to be a stronger commitment to reducing inflation and keeping it low.”