Need to monitor, manage FX volatility 'carefully' - Indonesia FinMin

LONDON, May 7 (Reuters) - The volatility in foreign currency markets over the last month needs to be monitored and carefully managed Indonesia's finance minister said on Tuesday.

The gyrations in FX markets were linked to higher-for-longer U.S. interest rates that were sucking capital out of emerging markets like a "vacuum cleaner", said Sri Mulyani Indrawati, speaking at an event at the Asia House think tank in London.

"(The) FX volatility that we have seen in April needs to be managed and watched carefully," she said.

Indonesia's rupiah recently hit its lowest level since the COVID-19-triggered global market selloff of early 2020. Its 5% fall this year is also the worst start to a year since then and prompted the country's central bank to deliver a surprise interest rate hike in April. (Reporting by Marc Jones, editing by Karin Strohecker)