JAKARTA. The government has downplayed the US Federal Reserve’s (Fed) tapering announcement, saying it had been expecting it and had prepared necessary measures to maintain a conducive domestic economic situation. “We had predicted that the tapering-off would occur and the market, I think, had anticipated it too so there is no unnecessary anxiety. The impact will not be severe,” Coordinating Economic Minister Hatta Rajasa said at the State Palace on Thursday. “We have our own house to focus on, instead. Indonesia, just like other emerging economies, had expected the tapering off. It is important that at least the announcement has resulted in certainty,” the minister added.
RI has anticipated Fed’s tapering: Govt
JAKARTA. The government has downplayed the US Federal Reserve’s (Fed) tapering announcement, saying it had been expecting it and had prepared necessary measures to maintain a conducive domestic economic situation. “We had predicted that the tapering-off would occur and the market, I think, had anticipated it too so there is no unnecessary anxiety. The impact will not be severe,” Coordinating Economic Minister Hatta Rajasa said at the State Palace on Thursday. “We have our own house to focus on, instead. Indonesia, just like other emerging economies, had expected the tapering off. It is important that at least the announcement has resulted in certainty,” the minister added.