Indonesia governor says will signal policy rate moves ahead of time

December 3, 2021

(Reuters) -Bank Indonesia (BI) Governor Perry Warjiyo said the central bank does not expect inflation to rise above 3% until 2023, but the central bank would start communicating possible changes to its policy rates ahead of time to avoid any market shocks.

Warjiyo also said on Friday the central bank will not hesitate to “come to the market” to stabilise the rupiah exchange rate <IDR=> if needed.

With the economic outlook brightening, the Indonesian...