"The pressure on rupiah would not be as bad as this year," Perry said at a seminar here on Wednesday.
Perry said one factor reducing the pressure on rupiah in 2019 is that the U.S. Central Bank, The Fed, would not raise its fund rate as many times as this year.
"This year the Fed raised its fund rate four times and next year it plans to raise its fund rate only twice and in 2020 once," he said.
In addition the global condition is expected to improve in 2019 as portfolio investors would return to developing economies to invest, he said.
"Global investors would not likely keep cash in their hand. They would return to the market in developing countries including Indonesia," he said.
In addition, efforts by the government in reducing the current account deficit is expected to begin to show result in 2019, he said.
Reporting by Satyagraha
Editing by Yoseph Hariyadi
Reporter: antara
Editor: Heru Purwanto
Copyright © ANTARA 2018
