Economics

Bank Indonesia Signals More Hawkish Stance Ahead of Key Fed Meet

Monetary policy will be preemptive, ahead of the curve: Waluyo
Bank Indonesia would act depending on CPI, rupiah development

The Bank Indonesia headquarters in Jakarta, Indonesia.
Photographer: Dimas Ardian/Bloomberg

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By Grace Sihombing and Claire Jiao

January 26, 2022 at 8:36 AM UTC

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Indonesia’s central bank adopted a more hawkish tone, signaling it’s ready to strike early to temper volatility in the rupiah and bond yields as global markets sell off in anticipation of U.S. rate hikes.