REPUBLIKA.CO.ID, JAKARTA -- The Federal Open Market Committe (FOMC) held a meeting on December 16-17, 2013. Indonesia central bank, Bank Indonesia believed that Federal Reserve (the Fed) may not quicken the tapering off policy in near future.
BI Governor Agus Martowardojo assessed that the Fed would be wise and considered all impacts caused if quantitative easing implemented this year.
"If you look at its readiness, Federal Reserve will keep all policies that have maintained economic stability. I am not sure the tapering off will be conducted this year," Martowardojo said recently.
During the meeting, analysts were estimated that US Central Bank would reduce its stimulus, which would later influence world economy. As an emerging market, Indonesia's Financial Service Authority (OJK) considered that Indonesia did not need an advanced policy to anticipate the FOMC result.
"We do not need any additional rules. Our economy situation is still normal and buyback still goes on," Chairman of OJK, Muliaman D Hadad.
Hadad explained that impact of tapering off had been anticipated by Indonesian government through Coordination Forum for Financial Stability (FKKSK), so it was nothing to worry about. Tapering off has been discussed from long time ago and Indonesia has prepared some security measures, especially in capital market.
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