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Indonesia says no interest rate hikes from the US Fed good to global economy by Reuters



© Reuters. FILE PHOTO: Indonesian Finance Minister Sri Mulyani Indrawati participates in the World Economic Forum on ASEAN at the Hanoi Congress Center

JAKARTA (Reuters) – Indonesia's Finance Minister said the Federal Reserve's forecast for no rate hikes in 2019 "will be good for global economy "as the markets will be quieter than in 201

8, when the US central bank raised rates four times.

"It shows that they are worried about an economic downturn in the US and in the world," Sri Mulyani Indrawati told reporters on the sidelines of a government event.

Given the signs of a recession, the Fed surrendered projections for any rate hikes this year at a two-day political meeting that ended Wednesday.

Bank Indonesia is due to pack up its own political meeting later on Thursday. It is generally expected to keep interest rates unchanged for a fourth straight month, despite inflation falling to its lowest rate for nearly a decade, a Reuters survey showed.

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