Jakarta to use QE for as long as needed...>

INDONESIA: Jakarta to use QE for as long as needed to tackle pandemic (FT)

- Indonesia will use unprecedented quantitative easing and other emergency

monetary and fiscal policies for as long as it takes to recover from the

coronavirus pandemic, according to the country's finance minister. With the

private sector in retreat after weeks of lockdown, massive state spending was

needed to shore up the economy, Sri Mulyani Indrawati said. This was despite

concerns among investors about the country relaxing hard-won constitutional

limits on fiscal deficits. "Today the government is the only player in town,"

she told the Financial Times in an interview.

- Link: https://www.ft.com/content/9420eee8-5ee9-4c7e-ad67-b27d4b1ac539