Bank Indonesia will stay concerned on inflation developments ahead and adjust the BI rate level in stages in a timely manner. Efforts to manage inflation, especially imported inflation pressures from rising international commodity prices, are also strengthened with room for further Rupiah appreciation along with improving global economic fundamentals.Bank Indonesia’s board of governors on March 4 decided, for now, to keep the BI rate at 6.75 per cent. This decision does not change the direction of Bank Indonesia’s monetary policy that is tending to be tight in order to manage high inflationary pressures.
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