Monday, 31 August 2009

BI Sees 2009 Inflation below 4%

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

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