Indonesian deputy Perry on revolutionising monetary and financial policy

Perry Warjiyo explains central bank’s radical overhaul of monetary policy operations, market deepening and financial inclusion in Indonesia

Perry Warjiyo

What is Bank Indonesia’s exchange rate policy? It appears there is some exchange rate flexibility, but you still intervene to prevent disorderly market conditions during portfolio surges, including in November last year.

Our exchange rate policy is flexible. In most cases, our exchange rate policy is purely determined by market mechanisms: supply and demand. But as an emerging economy with an open capital account, in some cases, exchange rate movements in the market may not be consistent with

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