Bank Indonesia Left Policy Rate at 6.5%

March 4, 2010

Indonesian monetary policy will remain steady as expected.  The policy rate has been at 6.5% since 300 basis points of easing between December 2008 and August 2009 were completed.  No increase is anticipated until at least midyear.  Although economic growth has firmed faster than anticipated, core inflation fell in February, and both it (3.9%) and […] More

No Change in Indonesian Monetary Policy

February 4, 2010

Bank Indonesia’s key interest rate, which has been at 6.5% since a 25-basis point cut in August, was again left unchanged as expected.  A statement on the BI website projects a steadily improving domestic economy and in-target CPI inflation this year, that is between 4% and 6%.  Real GDP rose 4.3% between 3Q08 and 3Q09, […] More