BI holds rate at 6.5 pct
Aditya Suharmoko, The Jakarta Post, Jakarta | Wed, 01/06/2010 2:41 PM
Bank Indonesia held its benchmark
interest rate at 6.5 percent at its first meeting of the year, citing no
inflationary pressure within the first half of 2010, its board of governors
announced Wednesday.
"The BI rate is considered still
conducive for economic recovery and banking intermediary function," acting
BI governor Darmin Nasution said at a press conference.
He added inflation would increase in
2010, but would remain within BI's estimate of 5 percent, give or take 1
percent.
"Monetary policies ahead will be
aimed to maintain macro stability by controlling inflation and economic
recovery," he said.
BI first cut its benchmark interest rate
to 6.5 percent in September last year, and has maintained the rate since.
