Arab Today, arab today indonesian central bank holds rate unchanged
Last Updated : GMT 11:50:19
Arab Today, arab today
Arab Today, arab today

Indonesian central bank holds rate unchanged

Arab Today, arab today

Arab Today, arab today Indonesian central bank holds rate unchanged

Indonesian central bank
Jakarta - XINHUA

The Indonesian central bank on Thursday held its benchmark interest rate steady to anticipate possible widening of current account deficit as the bank watches closely on possible hike of subsidized fuel prices in coming months.
The bank's governor board meeting on Thursday decided to keep the basic rate at 7.5 percent despite low inflation and weakening economic growth, the bank said in a statement.
Newly-elected President Joko Widodo plans to raise subsidized- fuel prices in October or November to ease budget constrain by scaling down a huge fuel import that would allow more funds to be set aside for building roads, bridges, seaport and airports, health facilities and other infrastructure facilities.
Indonesia is a net-oil importer country and provides a huge oil subsidy.
Despite the country's trade performance swung into a small surplus of 123.7 million U.S. dollar in July, the country's export remained declining in the month due to weakening global demand, the surplus was more caused by the steeper decline in imports.
Indonesia's current account gap in the second quarter widened to 4.27 percent of the GDP or 9.1 billion U.S. dollars, the highest since 2009.
The government expects rupiah at the ranges of 11,500 to 11,600 per one U.S. dollar this year.
Indonesia's consumer index accelerated at slower pace at 3.99 percent in August from 4.53 percent in July, the national statistic bureau announced here on Monday.
Should Jokowi, nickname of Joko Widodo, rise the fuel price, inflation may exceed the central bank target of 3.5 to 5.5 percent this year.
Indonesia's GDP weakened to 5.12 percent at three months through June, slowing from 5.21 at the first quarter, according to the national statistic bureau.
The government expects the economy to grow by 5.2 to 5.3 percent this year, easing from 5.78 percent last year.
On Thursday, the bank also kept both the "FASBI rate" ( overnight deposit facility rate and lending facility rate on hold at 5.75 percent and 7.5 percent respectively.

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 rate unchanged Arab Today, arab today indonesian central bank holds rate unchanged

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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