Bank Indonesia says no plan for capital controls to support rupiah

Measured move: A file picture showing officers standing in front of Bank Indonesia building in Jakarta. Warijiyo says the bank will not go crazy on raising interest rates and it would be done in a measured way. — Reuters

JAKARTA: Indonesia’s central bank has no plan to implement capital controls to support the rupiah during periods of global market volatility, its governor Perry Warjiyo said.

“Bank Indonesia has no plans, not even thinking to recommend any capital control measures,” Warjiyo, who was sworn in as governor late last month, told a media gathering in response to a question about the possibility of such measures.