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.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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