JAKARTA: Bank Indonesia (BI) governor Perry Warjiyo has signalled that the central bank will have less room for continued monetary policy easing next year as pressure mounts on the rupiah as a result of the more inward-looking policy expected from the administration of United States president-elect Donald Trump.
“Global turmoil has pushed us to focus on rupiah stabilisation,” Perry said in his keynote speech at the BI annual meeting in Jakarta last Friday, adding that BI’s policy rate would be adjusted in accordance with “global and domestic economic dynamics”.
