Tuesday, 13 October 2009

Indonesia says inflation remains under control

Bank Indonesia Monday left its policy rate unchanged at 6.5% as the central bank deemed that inflationary pressures remain under control. Markets reacted calmly to the widely expected decision, and inflation projections released by the central bank led one economist to predict that any monetary tightening would be measured. The Central Bank said that the country's economy will likely grow between 4-4.5% this year, slowing from 6.1% in 2008, but forecast economic expansion to accelerate to between 5% and 5.5% next year.
Source: Wall Street Journal, p.11, 6 Oct 2009

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