Indonesia urges US to provide clarity on stimulus: Report
JAKARTA (AFP) - Indonesia's finance minister has called on the US Federal Reserve to provide more clarity on when it will wind down its stimulus programme, in an interview published on Wednesday.
South-east Asia's biggest economy and other emerging markets have been hit by huge outflows of foreign cash since May when the Fed first signalled it may taper off the US$85 billion (S$108.8 billion) a month bond-buying programme.
Finance Minister Chatib Basri told the Financial Times newspaper that there was a lack of "transparency about the process" as the US central bank moves towards reducing the stimulus.
"People are guessing that the Fed will do the tapering in September. But we're not very sure," the minister added, stressing it was hard for Jakarta to formulate policy given the uncertainty.