Bank Indonesia (BI) Governor Perry Warjiyo said the latest developments regarding the United States Federal Reserve and European Central Bank (ECB) would be at the top of the agenda at the next BI board of governors meeting. Perry said at the meeting, which will be held on June 27 and 28, the board will discuss the measures needed to stabilize the country’s economy, including increasing its benchmark rate. In May, BI increased its benchmark rate twice in order to stabilize the rupiah’s exchange rate against the US dollar. The hikes raised the 7DRRR to 4.75 percent from 4.25 percent. The Fed raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the US economy was strong enough for interest rates to rise without choking off economic growth.