Bank Indonesia
May 8, 2014
It’s been a half year since a 25-basis point hike in the BI reference interest rate that culminated a string of five increases totaling 175 basis points that began in June 2013. These moves and other steps have inflation, the current account and the rupiah on a better footing according to today’s statement. Global financial markets are sounder, too. The statement doesn’t indicate when the next policy change is likely to happen.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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