News Column

Indonesia's central bank keeps key interest rate unchanged

February 17, 2014

Indonesia's central bank kept key interest rate unchanged at 7.5% as a result of the nation's progressing macroeconomic indicator, while it is likely to maintain an aggressive stand amidst risk of capital reversal in the region. According to Bank Indonesia (BI), the key interest rate would be below 10% in all possibilities and is projected to readjust in accordance to the current exchange rate of local currency, trade deficit and inflation.

The nation's economy accelerated by 5.7% during October-December last year, while the foreign exchange (forex) reserves expanded by USD 5bn in last four months to record USD 100.6bn by the end of January this year.

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Source: IntelliNews - Weekly Reports

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