Bank Indonesia

April 8, 2014

The BI rate will remain at 7.5% according to a released policy statement.  It reached that level in November 2013 after hikes of 25 basis points that month as well as in September and June of last year, plus increases of 50 bps each in July and August.  CPI inflation fell more than 0.4 percentage points in March to 7.3%, and the statement projects in-target readings later this year, that is below 5.5%.  The statement also observes an improved trade balance and lessening global financial market risks.  GDP rose 5.7% between 4Q12 and 4Q13 and is expected to remain above 5.0%.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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