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Southeast Asian central banks coordinating efforts, Indonesia Governor says

Bloomberg
Bloomberg4/1/2020 08:56 AM GMT+08  • 2 min read
Southeast Asian central banks coordinating efforts, Indonesia Governor says
Policy makers across Southeast Asia have been slashing interest rates, boosting market liquidity and injecting stimulus into their economies as the spread of the pandemic brings the world to a near-standstill.
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(Apr 1): Officials from leading Southeast Asian central banks have agreed to coordinate efforts to boost their economies, all struggling under the blow from the coronavirus pandemic.

Bank Indonesia Governor Perry Warjiyo told reporters in an online briefing Tuesday that he held talks a day earlier with officials from five central banks in the region. He didn’t give details of what kind of coordination, if any, was decided.

The measures they’re planning are “still in discussion,” Warjiyo said. “But it shows that we move in a coordinated way in the region.”

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