Bank Indonesia

May 19, 2016

A 6.75% BI has been retained.  This was a second straight month without a change in the monetary stance following 25-bp cuts in each of the first three months of 2016.  The statement released today suggests that additional cuts could occur.  Inflation is within the 1-4% target.  The current account deficit is shrinking, and the rupiah has traded more steadily.  There was one 25-bp rate cut in 2015, one 25-bp rate hike in 2014 and 175 basis points of tightening from June through November of 2013.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

Tags:

ShareThis

This entry was posted on Thursday, May 19th, 2016 at 9:03 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

css.php