Seeking Alpha

Central Bank News'  Instablog

Central Bank News
Send Message
Operator and founder of CentralBankNews.info - a trusted and authoritative source on monetary policy developments from around the world. Follow us on Twitter for updates on monetary policy decisions.
My company:
CentralBankNews.info
My blog:
CentralBankNews.info
  • Bank Indonesia Holds Interest Rate Unchanged at 6.75% 0 comments
    Jul 12, 2011 4:10 AM | about stocks: EIDO, IDX, IF
     Indonesia's central bank, Bank Indonesia, maintained the BI reference rate on hold at 6.75%.  The Bank said: "Bank Indonesia views that the current BI Rate level is still in line with the effort to maintain stronger economic activities supported by stability, amid domestic excess liquidity and continued large capital inflows.  Going forward, Bank Indonesia will closely monitor risks on macroeconomic stability, particularly emanating from capital inflows and global commodity prices.  Meanwhile, inflation is estimated to be under control and could be lower than earlier forecasted if there is no Government policies regarding energy prices while the supply and distribution of basic foods are well maintained."

    At its June meeting, the Bank also maintained the key monetary policy rate (the BI Rate) unchanged at 6.75%.  Previously the Bank raised the BI rate by 25 basis points to the current 6.75% in February 2011.  Indonesia reported annual inflation of 5.98% in May, compared to 6.16% in April, and 6.65% in March, and just inside the inflation target of 5% +/-1% in 2011 (which changes to 4.5% +/-1% in 2012).  Bank Indonesia is forecasting GDP growth of 6.3-6.8% in 2011 and 6.4-6.9% in 2012 for the Indonesian economy.
Back To Central Bank News' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Monetary Policy Week In Review – Sep 22-26, 2014: Trinidad Joins Central Banks Adjusting Policy Pre-Fed Rise http://seekingalpha.com/p/1yxjx
    2 days ago
  • Monetary Policy Week In Review – Sep 8-12, 2014: Chile, Peru Continue Easing, Philippines Ratchets Up Further http://seekingalpha.com/p/1xzwt
    Sep 15, 2014
  • Monetary Policy Week In Review – Sep 1-5, 2014: ECB To Inject Cash Into Markets While Fed, BOE To Withdraw http://seekingalpha.com/p/1xgb9
    Sep 7, 2014
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.