Indonesia
Bank of Indonesia Leaves Key Interest Rate at 6.5% But Drops a Clue of Concern
August 4, 2010
An unchanged central bank in Indonesia was as expected and perpetuates the stance that was reached in August 2009 following six cuts of 25 basis points and three reductions of 50 bps from a peak of 9.5% prior to December 2008. Unlike some Asian central banks, the authorities at Bank Indonesia have given, up to [...] More
Bank Indonesia Kept Benchmark Interest Rate at 6.5%
June 3, 2010
It came as no surprise that Indonesia’s key interest rate was held steady. It’s been at 6.5% since August 2009 after nine consecutive monthly reductions totaling 300 basis points. A statement from Bank Indonesia dismisses the rise of CPI inflation to 4.2% in May from 3.9% in April as being cause by volatile factors and [...] More
Bank Indonesia Benchmark Interest Rate Holding at 6.5%
May 5, 2010
Nine consecutive monthly rate reductions from December 2008 to August 2009 totaled 300 basis points, and now nine months have passed without a change in the rate’s 6.5% level. A released statement after today’s monthly meeting speaks optimistically about global, regional, and Indonesian growth prospects but gives no hint of a readiness to start raising [...] More
Bank Indonesia Leaves Monetary Policy Unchanged As Expected
April 6, 2010
Bank Indonesia released another fairly dovish statement, keeping the BI benchmark rate unchanged at 6.5% following an eighth straight meeting and indicating that these steady low rates can be maintained for at least a few more months. Officials are upbeat about growth, nudging up the projected range to 5.5-6% this year and 6.0-6.5% in 2011 [...] More
Bank Indonesia Left Policy Rate at 6.5%
March 4, 2010
Indonesian monetary policy will remain steady as expected. The policy rate has been at 6.5% since 300 basis points of easing between December 2008 and August 2009 were completed. No increase is anticipated until at least midyear. Although economic growth has firmed faster than anticipated, core inflation fell in February, and both it (3.9%) and [...] More
No Change in Indonesian Monetary Policy
February 4, 2010
Bank Indonesia’s key interest rate, which has been at 6.5% since a 25-basis point cut in August, was again left unchanged as expected. A statement on the BI website projects a steadily improving domestic economy and in-target CPI inflation this year, that is between 4% and 6%. Real GDP rose 4.3% between 3Q08 and 3Q09, [...] More
