Bank Indonesia expects 2009 year-end annual inflation to fall to below 4 %, Senior Deputy Governor Darmin Nasution said on Friday, a downward revision on a previous forecast of below 5%, Reuters reported.
"At the end of the year, inflation may be below 4%," Nasution told reporters.
Nasution declined to comment on any implications of the forecast on the central bank's overnight policy rate, which currently stands at 6.5%.
Source: The Coordinating Ministry for Economic Affairs, Trade and Investment News, 18 Aug. 09
No comments:
Post a Comment