Financial Wire

Market Chatter: Indonesia's Policy Mix Supports Stability Despite Global Risks, Central Bank Governor Says

-- Bank Indonesia Governor Perry Warjiyo said Indonesia's policy mix is on track to maintain macroeconomic stability amid rising global uncertainty, supported by interest rate management, foreign exchange intervention and efforts to strengthen domestic liquidity, Bisnis reported Tuesday.

Speaking during meetings with global investors in New York and Boston, he said fiscal discipline and subsidy reform are helping reinforce confidence in Indonesia's economic outlook, according to the report.

He added that investors continue to view Indonesia's policy credibility positively, noting coordination between monetary and fiscal authorities in keeping the budget deficit below 3% of GDP, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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