REPUBLIKA.CO.ID, JAKARTA -- Governor of Bank Indonesia Agus Martowardojo said Indonesia's economy should be ready and stronger in 2014 to face the shocks of global economy, especially the planned reduction of monetary stimulus (tapering) by the US central bank the Federal Reserve.

"I think now there is a good progress, but the next year we have to prepare better because the stimulus from the Federal Reserve will be reduced," Agus said to reporters in BI Office Complex, Jakarta, Friday (22/11). 

Agus added that the effort to reduce the current account deficit (CAD) is currently ongoing in order to maintain the stability of the financial system.

"If we look at the second quarters its (deficit) ratio continues 4.4 percent then improved to 3.8 percent," he said.

In addition, the expected inflation rate below 9 percent by the end of 2013 as well as a slightly weaker exchange rate was as anticipated measures of economic development in 2014.

"This is an attempt to make our economy more ready to the possible occurance of economic shock," said Agus.

Ed: Nidia Zuraya

Ikuti Whatsapp Channel Republika