Indonesia markets resilient amid turbulence, inflation modest -Finance Minister

JAKARTA : Indonesia will strive to maintain its position as a relative economic"bright spot", amid a risk of a global recession next year, its finance minister said on Wednesday, underlining the country's relatively resilient financial markets.

Sri Mulyani Indrawati warned that the world is facing the risk of stagflation next year, pointing to the International Monetary Fund's recent downgrade of the global economic outlook and analysts' predictions of rising food insecurity.Indonesia's economy is faring better compared with other emerging markets, she said, citing a rise in bond yields and inflation being relatively less pronounced than in peers, even after authorities recently raised prices of subsidised fuels.

"Coordination between fiscal and monetary policymakers will be intensified because the challenges have now shifted to the financial sector," she said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thai Finance Minister sees economic growth of 3.0-3.5% this yearBANGKOK : Thailand should see economic growth of 3 to 3.5 per cent this year, driven by the key export and tourism sectors, finance minister Arkhom Termpittayapaisith said in an interview on Wednesday.Arkhom, who was speaking on the sidelines of a meeting of finance ministers from the Asia-Pacific region
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan will respond decisively to excessive FX moves, Finance Minister saysTOKYO -Japanese Finance Minister Shunichi Suzuki warned on Tuesday Japan would take appropriate and decisive action against excessive currency moves driven by speculators, suggesting market intervention was possible after the yen fell to a fresh 32-year low.Suzuki, speaking in parliament, pointed to Japan's
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »