The OECD expects that the global economy will expand 3.6 percent in 2014, down from its previous forecast of 4.0 percent. The institution believes that the winding down of the Federal Reserve's quantitative easing program will result in capital outflows from emerging markets and thus holds back global economic growth. Investors seemed more concerned about the OECD growth downgrade than the message that was conveyed in Ben Bernanke's speech late on Tuesday (19/11). Bernanke stated that the Federal Reserve's monthly USD $85 billion stimulus program will continue for as long as needed.

The Indonesian rupiah exchange rate depreciated against the US dollar as market participants are waiting for results of the FOMC meeting. 

| Source: Bank Indonesia