Economics
Bank Indonesia Chief Signals Rate Hike as Rupiah Rout Worsens
- More rate hikes loom as Warjiyo seeks to stablize currency
- Central bank and govt intensifying efforts to counter selloff
This article is for subscribers only.
Indonesia’s central bank governor vowed Wednesday to take “pre-emptive” steps to counter a deepening rout in the currency, using language he’d adopted before to signal an interest-rate hike.
“We will keep monitoring what happens globally,” Bank Indonesia Governor Perry Warjiyo told lawmakers in Jakarta. “We will still take pre-emptive, front-loaded and ahead of the curve measures to face new developments.”