Emerging Market Central Bankers Say Fed Must Be Mindful of Rout
- Fed needs to communicate plans better: Bank Indonesia chief
- Europe and Japan loom as next test for Indonesia, Warjiyo says
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Indonesia’s new central bank chief joined his counterpart in India in calling on the Federal Reserve to be more mindful of the global repercussions of policy tightening amid a rout in emerging markets.
In his first interview with international media since he took office two weeks ago, Bank Indonesia Governor Perry Warjiyo said the pace of the Fed’s balance sheet reduction was a key issue for central bankers across emerging markets. Reserve Bank of India Governor Urjit Patel made similar comments earlier this week, arguing that slowing the pace of stimulus withdrawal would support global growth.