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Jakarta Post

RI shivering over Fed's interest policy

Bank Indonesia (BI) Governor Agus Martowardojo warned on Thursday that uncertainty over the US Federal Reserve's interest policy would  pose risks to the Indonesian economy

Rendi A Witular (The Jakarta Post)
Jakarta
Thu, March 20, 2014

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RI shivering over Fed's interest policy

B

ank Indonesia (BI) Governor Agus Martowardojo warned on Thursday that uncertaintyover the US Federal Reserve's interest policy would  pose risks to the Indonesianeconomy.

"From the global front, the risks include impact from the Fed'€˜s policy,economic growth that is not as high as we expect and high vulnerability ofemerging economies to external volatility," said Agus during apresentation at the central bank headquarters in Central Jakarta.

The Jakarta Composite Index fell 2.5 percent while the rupiah retreated themost in three months versus the dollar as it dropped by 1 percent after the Fedsignaled a faster timetable for raising interest rates.

"We will respond accordingly to the Fed'€™s signal with a set of policiesthat we are now preparing," said Agus, without going into details.

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