Indonesia Ramps Up Steps to Shield Economy From Strong Dollar
- Central bank to take more steps needed to stabilize currency
- Authorities say they’re intervening ‘more boldly’ on Friday
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Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signaling they’re intervening more actively to aid the rupiah.
“We work very closely with Governor Perry in order for us to be able to adjust the macro stance to adapt with this new level of pressure,” Finance Minister Sri Mulyani Indrawati said in a Bloomberg Television interview on Thursday, referring to Bank Indonesia’s top policymaker.