From left to right: AMRO Group Head, Dr Lee Jae Young, Deputy Governor of Bank Indonesia, Dr. Perry Warjiyo, AMRO Chief Economist, Dr Khor Hoe Ee
Dr Hoe Ee Khor, Chief Economist of the ASEAN+3 Macroeconomic Research Office (AMRO) and Dr Jae Young Lee, Group Head, attended an international seminar jointly organized by Bank Indonesia and Federal Reserve Bank of New York in Bali, Indonesia on 1 August 2016.
The seminar was part of the program of the Governors Meeting of the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) which comprises central banks from eleven jurisdictions, namely Australia, New Zealand, Indonesia, Thailand, Malaysia, Philippines, Singapore, Hong Kong SAR, China, Japan and Korea.
The seminar facilitated the exchange of views and opinions among central banks of advanced and emerging countries with regards to three major issues, namely, pursuing growth objectives since the global financial crisis, addressing monetary policy trade-offs in the open economy, and achieving financial stability in periods of monetary policy divergence. In light of the challenging global economic environment, the participants emphasized the strengthening of policy communication by central banks with market people and the general public, as well as among central banks.