KONTAN.CO.ID - NUSA DUA, Indonesia. G20 president Indonesia will seek a synchronised global policy normalisation as developed nations began to tighten monetary policy as their economies recover from the COVID-19 pandemic, the country's top economic leaders said on Thursday. The comments were made as Indonesia kicked off the first meetings for G20's financial track under its presidency on the tourist island of Bali, where the exit policy strategy was high on the agenda of a meeting. Indonesia wanted "well calibrated, well planned, well communicated" policy normalisation by the developed world, said Bank Indonesia Governor Perry Warjiyo, that would avoid spillover impact for emerging markets trailing in their economic recovery.
Indonesia seeks synchronised monetary exit policy at G20
KONTAN.CO.ID - NUSA DUA, Indonesia. G20 president Indonesia will seek a synchronised global policy normalisation as developed nations began to tighten monetary policy as their economies recover from the COVID-19 pandemic, the country's top economic leaders said on Thursday. The comments were made as Indonesia kicked off the first meetings for G20's financial track under its presidency on the tourist island of Bali, where the exit policy strategy was high on the agenda of a meeting. Indonesia wanted "well calibrated, well planned, well communicated" policy normalisation by the developed world, said Bank Indonesia Governor Perry Warjiyo, that would avoid spillover impact for emerging markets trailing in their economic recovery.