Tough Job Awaits Perry

Immediately after the House of Representatives appoints him Governor of Bank Indonesia next April, Perry Warjiyo will face the tough challenge of monetary control in the midst of global economic pressure. At the end of January, the Federal Reserve announced the end of the era of low interest rates that had begun in 2009 as a result of rising oil prices.

Other developed nations soon followed the Feds example. For example, the Chinese central bank

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