TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
VP 'optimistic' over RI's economic condition, supports BI rate hike
Indonesia's Vice President Boediono said over the weekend that he was "optimistic" that Indonesiaâs economy would get through the current economic crisis, marked by the current account deficit and weakening rupiah, adding that he supported the central bankâs move to raise its benchmark interest rate
Change Size
I
ndonesia's Vice President Boediono saidover the weekend that he was "optimistic" that Indonesia'seconomy would get through the current economic crisis, marked by the current account deficitand weakening rupiah, adding that he supported the central bank's move to raiseits benchmark interest rate.
"I have high confidence that Indonesia will get through this crisis,' he said on the sidelines of a media gathering at the Cipanas Palace in Bogor, West Java.
Boediono, a noted economist and previously Bank Indonesia's (BI) governor, said he believed in his colleagues in the Cabinet, including Finance Minister Chatib Basri as well as BI Governor Agus Martowardojo.
The Vice President said that the crisis affecting Indonesia was part of what he called "small storms" and he believed that, fundamentally, the nation's economy would be able to overcome it.
Recently, BI raised its benchmark
interest rate to a four-year high of 7 percent.
