www.AlvinAdam.com

Berita 24 English

Subscribe

Tuliskan Alamat Email Anda. Gratis!

Delivered by FeedBurner

Indonesia Finance Minister ready to trade growth for stability

Posted by On 6:53 PM

Indonesia Finance Minister ready to trade growth for stability

Skip to main content

You are here

Home > Government & Economy Indonesia Finance Minister ready to trade growth for stability Mon, May 28, 2018 - 5:05 PM file6z1utvrmfc91ky73xn9d.jpg IndonesianFinance Minister Sri Mulyani Indrawati said the government is willing to accept slower economic growth as a trade-off for stability.

[JAKARTA] IndonesianFinance Minister Sri Mulyani Indrawati said the government is willing to accept slower economic growth as a trade-off for stability.

"All of us are ready to implement a ny policies needed to protect Indonesia's economy," MsIndrawati told reporters on Monday in Jakarta. "So, if we have to make adjustments in the short run that will result in slightly lower growth, that's a consequence that we will take."

Policy makers have been forced to shift focus to stability amid a rout in the currency even as the economy is still struggling to fire up. Almost all economists predict the central bank will raise interest rates in an early policy meeting on Wednesday, which would be the second increase in two weeks.

Indonesia's economic growth is stuck at about 5 per cent, well below the 7 per cent targeted by President Joko Widodo. The government would accelerate reforms to support growth and would continue working with Bank Indonesia on a coordinated policy response to the current market turmoil, Ms Indrawati said.

sentifi.com

Market voices on:

"We won't hesitate to make well-timed responses t o maintain the stability of the financial sector," she said.

SEE ALSO: Japan's economy shrinks after two years of growth

BLOOMBERG

  • Indonesia
  • growth

Government & Economy

Want to escape the coming floods? Balance global trade, study says

No word yet from Malaysia about HSR cancellation: S'pore's Transport Ministry

Mencast forms JV for S$30m contract

New MAS rules on short-selling, short-position reports to kick in on Oct 1

Daily Debrief: What Happened Today

Malaysia drops high-speed rail project

Editor's Choice

BT_20180528_YMFRANCE26_3451594.jpgMay 28, 2018Government & Economy

Singapore start-ups look to a changing France for growth

BT_20180528_NBGOLD26WIFI_3451281.jpgMay 28, 2018Banking & Finance

Gold bulls puzzled why metal ha sn't performed amid tensions

BT_20180528_RCCOL283GKM_3451694.jpgMay 28, 2018Stocks

Scares ahead in global trade and markets, but little danger of zombie apocalypse

Source: Google News | Berita 24 English

Next
« Prev Post
Previous
Next Post »