No Change Made in Indonesian Monetary Policy at Monthly Review
May 18, 2017
Bank Indonesia’s seven-day reverse repo rate has been at 4.75% since its sixth 25-basis point reduction of 2016 was implemented last October. This key rate will continue to be flanked symmetrically by a 4.0% overnight deposit facility rate and a 5.5% lending facility rate. Officials released a statement after their review defending the current stance and observing that growth picked up last quarter in spite of external and domestic risks. Note is made that the current account remains in surplus, the rupiah has been firm to steady, and inflation is and is expected to remain within the 3-5% target corridor.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Indonesia
ShareThis
