|
|
JAKARTA - Indonesian central bank kept on hold its benchmark interest rate at 9.5 percent on Thursday, the bank said. "Amid the current global financial upheaval and slowing of the world economy, the Bank Indonesia (the central bank) thinks that it is necessary to keep a right monetary policy so that it can achieve a balance between the economic growth and efforts to maintain monetary stability," the bank said in a statement.
The central bank raised its benchmark interest rate for the sixth time by 25 basis point last September to 9.5 percent to curb inflation pressure resulted from rising food and energy prices. "It is positive for the market. It is a good sign from the central bank of not tightening its interest rate amid the high pressure," said an analyst Danareksa Purbaya Yudhi Sadewa.
As the bank targeted single digit inflation next year in the range of 6.5 to 7.5 percent, the analyst said that the bank could start to reduce rate by 25 basis points in the coming months. The bank forecast inflation this year would reach between 11.5 to 12.5 percent. "The central bank will maximally use its monetary instruments available and keep coordinating with the government in monitoring the prospect of the global, regional and domestic economies to secure the economic stability in the medium term," the bank said.
Price pressure from food eased in October partly due to weakening of global commodity prices. Declining fuel prices in global markets have also led the Indonesian government to cut unsubsidized fuel prices for domestic industries.
|
|
|
|
|
|
There are no reactions on this blog entry yet. Be the first one to give a reaction here!
|
|
Log in to write a reaction
|
You are not logged in to the website. You have to be logged in to write a reaction on this blog entry.
· If you already have an account, please login.
· If you have lost your password, please retrieve it.
· If you don't have an account yet, you can create one.
|
|
|
| ABOUT THIS ENTRY |
Add this blog entry to your email, your own blog, MySpace, Facebook, or whatsoever via AddThis:
|
Login if you want to receive emails for reactions on this blog entry. You will receive an update as soon as a reaction on this blog entry is posted.
|
|
Looking for e-tickets for flights in Indonesia? Here's your solution! Order your e-tickets at ticketindonesia.info.
|
| BLOG ARCHIVE |
· 2015, 28 entries
· 2014, 591 entries
· 2013, 750 entries
· 2012, 1061 entries
· 2011, 792 entries
· 2010, 644 entries
· 2009, 916 entries
· 2008, 504 entries
· 2007, 725 entries
· 2006, 1014 entries
· 2005, 723 entries
· 2004, 558 entries
· 2003, 525 entries
· 2002, 375 entries
· 2001, 162 entries
|
| POPULAR TAGS |
Automatically generated every hour
|
| EXCHANGE RATES |
@ 17 May 2018 18:12 CET
|
@ 17 May 2018 21:58 CET
|
@ 15 May 2018 08:42 CET
|
@ 07 May 2018 07:48 CET
|
@ 16 May 2018 09:18 CET
|
@ 17 May 2018 00:46 CET
|
|
| Go to 'exchange rates' |
|
