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Emerging markets “much better” able to weather monetary tightening-Indonesia central bank -Breaking

by Mike Robinson

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© Reuters. FILE PHOTOS: Perry Warjiyo, the Governor of Indonesia’s Central Bank, reacts when he hears journalists at a press briefing held at the bank headquarters in Jakarta (Indonesia), November 21 2019. REUTERS/Willy Kurniawan

JAKARTA, Reuters – The Indonesian central bank governor Perry Warjiyo stated Wednesday that emerging markets would be able weather tightening globally, which includes U.S. rate increases, better than previous tightening periods.

Warjiyo claimed that emerging markets such as Indonesia have a better policy, greater foreign exchange reserves, and are working to improve their financial markets.

He reiterated that Bank Indonesia would keep its benchmark rate of 3.50% at the G20 meeting of central bankers and finance ministers this week. This will be until Bank Indonesia sees signs of an increase in inflation.

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