Indonesia’s central bank has decided to maintain the key interest rate at 7.5 percent and deposit facility rate at 5.75 percent, saying the levels are in line with the goal of keeping inflation at 3.5-5.5 percent this year.
The bank said inflation is still under control with the Consumer Price Index registering a slight monthly rise of 0.02 percent in May to 0.16 percent.
In another related move, Commission XI of the House of Representative on June 11 approved the revision of several macroeconomic assumptions for 2014. The economic growth rate is revised to 5-6 percent from the original 6 percent, inflation is projected at 5.3-7.3 percent and the exchange rate between the rupiah and the US dollar would be between 11,000-11,700 rupiah per USD.
The commission also gave the green light to a power price hike since July 1.-VNA
The bank said inflation is still under control with the Consumer Price Index registering a slight monthly rise of 0.02 percent in May to 0.16 percent.
In another related move, Commission XI of the House of Representative on June 11 approved the revision of several macroeconomic assumptions for 2014. The economic growth rate is revised to 5-6 percent from the original 6 percent, inflation is projected at 5.3-7.3 percent and the exchange rate between the rupiah and the US dollar would be between 11,000-11,700 rupiah per USD.
The commission also gave the green light to a power price hike since July 1.-VNA
