REPUBLIKA.CO.ID, JAKARTA - Indonesian Financial Services Authorities (OJK) remains cautious over the Federal Reserve's plan to end its stimulus in September 2013.
"We contact each bank, especially those are under direct supervision of OJK," Chairman of OJK, Muliaman D Hadad said recently.
OJK continues to watch closely the impacts of Fed's policy to end its stimulus package. OJK will also assess potential implications to Indonesian economic growth to anticipate the worst scenario.
Yet, President Director of Indonesia Stock Exchange (IDX) Ito Warsito said although Indonesia's economic experienced a slowdown, its trend was still better than China. The Fed's statement was not significant to Indonesian market.
"Money that enters Indonesia comes from emerging economies which is invested in developing countries," Warsito said.
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