Arab Today, arab today indonesian central bank holds benchmark rate steady at 75
Last Updated : GMT 12:11:48
Arab Today, arab today
Arab Today, arab today

Indonesian central bank holds benchmark rate steady at 7.5%

Arab Today, arab today

Arab Today, arab today Indonesian central bank holds benchmark rate steady at 7.5%

Jakarta - XINHUA

Indonesian central bank on Thursday announced to keep its benchmark interest rate unchanged at 7.5 percent for a third consecutive month as pressure on inflation eases and trade balance picks up amid a good prospect of economy. The bank also held its lending facility unchanged at 7.5 percent and deposit facility rate at 5.75 percent, it said in a statement. "The policies remain consistent with the tight monetary policy to direct inflation at target of 3.5 to 5.5 percent in 2014 and 3 to 5 percent in 2015, as well as to push down current account deficit to a healthy level," the bank said. Indonesia economy expanded slightly by 5.72 percent in the final quarter last year compared with 5.6 percent in the third quarter, the national statistic bureau has said, indicating that the largest economy in Southeast Asia withstood the global turmoil hitting emerging markets. "Going forward, Bank Indonesia (the central bank) will persist keep on eye over the risks resulted from the global economy, especially the impacts of the normalization of the Fed policy ( tapering off) and slowing down of China's economy," the bank said. "The central bank would continue ramping up combination of monetary policy and macro-prudential policy, and proceed effort to deepen market, as well as to bolster coordination with the government in controlling inflation and current account deficit," it said. The bank aspires the economy to expand at the lower level of range of 5.8 to 6.2 percent this year as against 5.8 percent last year, the lowest in four years. The bank foresees inflation to accelerate at range of 3.5 to 5. 5 percent this year, slower than 8.37 percent last year. Indonesia trade balance has demonstrated a trend of improvement by chalking up 1.52 billion U.S. dollar in December, after registering 776.8 million U.S. dollar in November and 50 million U. S. dollar in October, according to the national statistic bureau. On Wednesday, Deputy Trade Minister Bayu Krisnmurthi said that he was upbeat over trade balance, saying that export was likely to be surplus this year despite slapping on broad mineral ores export ban on Jan. 12. The central bank rose the basic rate aggressively by 1.75 percentage points last year to help attract jaded investors, as the U.S. tapering off plan soured them on emerging markets, and slow economic growth. Nevertheless, weaker rupiah currency against U.S. dollar helped scaling up in shipments of products overseas by 7.4 percent in the fourth quarter on year that helped expanding growth in the quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesian central bank holds benchmark rate steady at 75 Arab Today, arab today indonesian central bank holds benchmark rate steady at 75

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesian central bank holds benchmark rate steady at 75 Arab Today, arab today indonesian central bank holds benchmark rate steady at 75

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday