Indonesia minister calls for better policy alignment

Airlangga Hartarto: Hartato: This is needed to fight pandemic impact on economy

JAKARTA: Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters.

Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial reforms to respond to the crisis, which includes ensuring monetary and fiscal policies are more aligned.