Bank Indonesia and inflation
Bank Indonesia Sends Mixed Message
March 8, 2012
Bank Indonesia began the post-Great Recession process of normalizing interest rates much later than most central banks in Asia. From December 2008 through August 2009, the policy reference rate had been slashed by 300 basis points to 6.5%, and an initial rate hike was not undertaken until February 2011. That move had no follow-up second […] More
