The indonesia finance minister sri mulyani claimed that the increase benchmark of interest rate the FED will not affect country's economy. This is due to the fact that indonesia maintains its economy growth at rate 5%.
Further she said, the rsik of FED interest rate increase will be halted by the level of deficit budget maintained at rate 2.7% and the government debt to gross domestic product at 28%. It makes indonesia has strong foundation to defer the impact of FED toward its economy.
Indonesia has already prepared steps to anticipate the FED interest rate increase namely issuing government bonds in early of 2015 and two weeks ago at $3.5 billion. This receives positive response from american investors regarding the debt sale of indonesia.
Anthonius tony prasentiantono, economyst of UGM university considered the fed effect will last only for a short term though the decision of FED causing the new york shares catapulted into its highest point in history. However, it will not maintain in such way because too high will also risk of bubble.
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