"It will be our concern, but in general, the economic condition is improving," he said here on Friday.
Agus explained national economic stability was currently reflected in the improvement of economic growth, inflation rate, trade balance, fiscal management, as well as the influx of capital into Indonesia.
"Until the second week of March, capital inflow stood at Rp31 trillion. Based on a survey, the rate of inflation in the second week of March stood at 0.18 percent, which is still lower than the first week and compared with last months rate at 0.97 percent. So our efforts in maintaining inflation are still good," he said.
Although the U.S. Federal Reserves rate hike could result in a stronger dollar, in all it would not make Indonesias domestic economy volatile or disrupt capital outflow.
"We still see that the economy will remain good. We are optimistic, although we know there will be Fed fund rate hike," he said.
Agus assured that BI would also pay attention to other global economic developments, including the European Central Banks decision to maintain its rate, as well as French election preparations and revision for Chinas economic growth.
The U.S. central bank (the Federal Reserve) plans to hold a Federal Open Market Committee meeting on March 14 and 15, during which it is believed they will decide to raise their reference rate by 25 basis points, according to market players.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2017
