Friday, February 4, 2011

Bank Indonesia Raises Rate 25bps to 6.75%

Bank Indonesia raised its benchmark monetary policy rate 25 basis points to 6.75% due to rising upside inflation risks. Indonesia saw an inflation figure of 7.02% in January, or 4.18% in terms of core CPI inflation (vs 4.28% core inflation in December 2010). Indonesia's economy grew 6.3% in the December quarter of 2010 (5.8% in the December quarter), vs the government target of 6.6%.


Post a Comment