Indonesia Central Bank Chief to Raise Rates Again If Needed
- Early action has helped to stabilize rupiah, Warjiyo says
- Policy makers raised the benchmark rate twice to 4.75% in May
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Indonesia’s central bank Governor Perry Warjiyo said his quick action in raising interest rates has helped to stabilize the currency, adding that more policy tightening and market intervention may be needed if conditions warrant it.
In his first interview with international media since he took office two weeks ago, Warjiyo said previous episodes of market turmoil -- like the 2013 taper tantrum -- has taught him to act early.