Indonesia central bank will not hesitate to hike rate when inflation picks up-gov

Indonesia central bank will not hesitate to hike rate when inflation picks up-gov
Indonesia’s Central Bank Governor Perry Warjiyo speaks during a news conference, at the G20 Finance Ministers Meeting in Nusa Dua, Bali, Indonesia, July 16, 2022. Made Nagi/Pool via REUTERS

NUSA DUA, Indonesia : Indonesia central bank governor Perry Warjiyo said on Sunday when the country’s inflation starts picking up fundamentally, Bank Indonesia will not hesitate to respond with an interest rate hike.

A well-communicated and well-planned timeline will be important for the central bank to make adjustments to its interest rate policy, Warjiyo said at a seminar on the sidelines of G20 finance leaders meeting in the resort island of Bali.

 

Source: Reuters