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Indonesian central bank: signs of inflation pressure may be seen in Q4

Indonesia’s central bank said signs of inflation accelerating might be seen in the fourth quarter but the bank would not immediately raise interest rates in response, Governor Perry Warjiyo said on January 25.
Indonesian central bank: signs of inflation pressure may be seen in Q4 ảnh 1Illustrative image (Source: The Jarkata Post)

Hanoi (VNA) - Indonesia’s central bank said signs of inflationaccelerating might be seen in the fourth quarter but the bank would notimmediately raise interest rates in response, Governor Perry Warjiyo said on January25.

Warjiyo told a briefing of senior editors the exit policy from monetarystimulus would probably start with Bank Indonesia mopping up excess liquidity,while interest rates would stay low until policymakers deemed there was a riskof high inflation.

BI cut interest rates a total of 125 basis points and pumped more than 50billion USD of liquidity into the financial system last year to help theeconomy weather the impact of the coronavirus pandemic.

This year, BI has bought 25.9 trillion rupiah (1.85 billion USD) of bonds,Warjiyo said./.

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