# Bank Indonesia needs to follow Fed’s rate policy: Economist - Business - The Jakarta Post

> Maybank Indonesia economist Myrdal Gunarto said Bank Indonesia should follow the Fed's policy to keep the rupiah stable against the dollar. He expected the rupiah to stay volatile this year because of portfolio-driven capital flows and a likely current account deficit, and he predicted BI would raise rates if the Fed turned hawkish.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/60899-bank-indonesia-needs-to-follow-fed-s-rate-policy-economist-business-the-jakarta
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected rupiah volatility and possible BI rate hikes raise the cost of dollar-linked feed imports for Indonesian buyers.

## Read by commodity

- USDIDR: neutral

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2019/02/12/bank-indonesia-needs-to-follow-feds-rate-policy-economist

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.