Bank Indonesia Monitoring Market Movements in Response to Conflict in Middle East

MACROECONOMICS - JAKARTA. Indonesia's central bank said on Monday that it will closely monitor market movements in response to the conflict in the Middle East, and will respond appropriately and ensure the rupiah moves in line with fundamentals.

Erwin Gunawan Hutapea, head of Bank Indonesia's monetary management office, said in a statement that it will remain active in the foreign exchange market and will work to improve the effectiveness of interest rate policies.