KONTAN.CO.ID - JAKARTA. Indonesia's central bank governor Perry Warjiyo said on Wednesday that the benchmark interest rate was set to rise further, but not to expect policy tightening to be as aggressive as the U.S. Federal Reserve. "If I say BI (Bank Indonesia) rate won't rise, I'll be lying. But if I say BI rate will be raised like the Fed, I'll also be lying," Warjiyo told a briefing with reporters. "Please don't think we will be aggressive like the Fed," he said.
Indonesia Central Bank: Do Not Expect Aggressive Rate Hikes Like Fed
KONTAN.CO.ID - JAKARTA. Indonesia's central bank governor Perry Warjiyo said on Wednesday that the benchmark interest rate was set to rise further, but not to expect policy tightening to be as aggressive as the U.S. Federal Reserve. "If I say BI (Bank Indonesia) rate won't rise, I'll be lying. But if I say BI rate will be raised like the Fed, I'll also be lying," Warjiyo told a briefing with reporters. "Please don't think we will be aggressive like the Fed," he said.