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Saturday, 21 Zulhijjah 1442 / 31 July 2021

BI to anticipate increase of the Fed interest rates

Ahad 13 Sep 2015 13:47 WIB

Rep: C09/ Red: Julkifli Marbun

Bank Indonesia

Bank Indonesia

Foto: Republika/Prayogi

REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) said to keep doing anticipation while awaiting the Fed to raise its interest rates. BI also claimed to always be in the market to reduce daily volatility in foreign exchange (forex).

"It seems there is a risk to retreat, because unemployment is improving, but projections of inflation is still low," said Executive Director of the Department of Economic and Monetary Policy BI, Juda Agung, in Jakarta, Friday (11/9).

He also claimed that he does not know when the Fed will raise the interest rates. Previously reported that it will be happened in September 2015.

Juda added, the devaluation of the yuan gave impact on the price reduction. The impact of deflation also occurred in various countries, including in the United States.

"That's because the United States has imported from China. When China depreciated, then the imported goods will be cheaper and the inflation pressure will be down," he added.

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