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.
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Tags: Bank Indonesia