Agus Martowardojo, Bank Indonesia Governor
There will be shocks but a better economy
Tuesday, November 3, 2015
Although growth is still predicted at around 4.8 percent, the plunging value of the rupiah has battered Indonesia's economy in 2015. Hence the spotlight on Bank Indonesia, the central bank, and its efforts to safeguard monetary policy. The problem is that the Federal Reserve's decision to postpone deciding on the interest rates to next year is simply feeding more speculation. With the Chinese economy continuing to slow down, the situation is still far from comfortable for the Indonesian economy. "External conditions will still contribute to the stability of the financial markets and the stability of the financial system," Bank Indonesia Governor Agus Martowardojo told Tempo reporters Tomi Aryanto, Yandhrie Arvian, Ayu Prima Sandi and Andi Ibnu in an interview at the end of October.
Although growth is still predicted at around 4.8 percent, the plunging value of the rupiah has battered Indonesia's economy in 2015. Hence the spotlight on Bank Indonesia, the central bank, and its efforts to safeguard monetary policy. The problem is that the Federal Reserve's decision to postpone deciding on the interest rates to next year is simply feeding more speculation. With the Chinese economy continuing to slow down, the situation is still
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