If they follow the Fed too closely, central banks in Asia could damage price stability in their respective countries.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately.
Quoting Reuters, Krishna Srinivasan, the Director of the IMF's Asia-Pacific Department, stated on Thursday or Friday in Indonesia time, that the US interest rate has a strong and rapid impact on the financial conditions and exchange rates of Asian countries. The Governor of the South Korean Central Bank, Rhee Chang-yong, stated during a seminar at the IMF-World Bank Meeting in Washington on Wednesday that the diminishing opportunities for a decrease in The Fed's interest rates have caused obstacles for the won, and made it difficult for his bank to make decisions on when to start cutting the borrowing costs.
The development of conflict in the Middle East following Israel's attack on Iran also briefly raised the price of Brent crude oil to $90.14 per barrel on Friday morning and the price of West Texas Intermediate to $85.80 per barrel.Minister of Economic Affairs Coordination Airlangga Hartarto gave a press statement at the Presidential Palace Complex in Jakarta, after attending a limited meeting led by President Jokowi and attended by Vice President Ma'ruf Amin, on Tuesday .
Therefore, he continued, Indonesia's economic policy in responding to the spillover effects of the Middle East conflict will remain measured in order to maintain market and public confidence. Although worst-case scenarios have been calculated, the government still chooses to monitor the situation.KOMPAS/PRIYOMBODO
Indonesia Berita Terbaru, Indonesia Berita utama
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