Indonesian Monetary Policy Stance Not Changed This Month
April 14, 2015
The BI central bank interest rate was kept at 7.5% after this month’s policy meeting. A released statement projects stronger growth in the second than first quarter and observes a softer rupiah against the dollar since the March meeting. CPI inflation stands at 6.38%, but an in-target (3-5%) outcome is expected in 2015. The BI rate was cut by 25 basis points in February, reversing a previous upward trend from 5.75% to 7.75% between June 2013 and November 2014.
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Tags: Bank Indonesia