Jakarta (News Today) - A Bank Indonesia official Thursday reiterated the central bank's stance to keep interest rates at the current level until the end of the year and said it may begin to start monetary tightening next year.
“The BI rate will likely be maintained at 6.50% unless (inflation spikes due to) sharp increase in global commodity prices,“ central bank Deputy Governor Hartadi Sarwono told reporters, referring to its benchmark overnight rate. The bank has kept the rate at the current level since August 2009 to support economic growth while inflation remains tame.
Sarwono added that the central bank might start raising interest rates next year as the global economic recovery may drive commodity prices higher
Source : kompas.com
Thursday, June 17, 2010
BI Rate Likely Maintained at 6.50 Percent
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