ID :
78238
Thu, 09/03/2009 - 23:16
Auther :
Shortlink :
https://www.oananews.org//node/78238
The shortlink copeid
BI MAINTAINS RATE AT 6.50 PERCENT
Jakarta, Sept. 3 (ANTARA) - The BI Board of Governors in a meeting here on Thursday decided to maintain the BI Rate at the level of 6.50 percent,
The BI Board of Governors considered the monetary policy relaxation since December 2008 by cutting the BI rate by 300 basis points to 6.50 percent, was quite conducive for the economic recovery process and banking intermediation, Dyah NK Makhijani, BI director for strategic planning and public relations, said.
The BI Rate at 6.50 percent was also considered consistent with the achievement of the inflation rate target in 2010 at 5 percent plus minus one percent.
The BI Board of Governors believed that the momentum for domestic economic improvement was getting stronger.
Various indicators showed that household consumption spending had continued to increase as it was boosted by consumption cost availability and consumers' confidence in future economic prospects.
On the external side, the country's exports continued to increase tracking the economic improvement in China and India.
The 2009 August inflation rate was higher than that in a month earlier particularly because of the Ramadhan fasting month.
However, she believed that the inflation rate in the remaining months this year would be lower as the rupiah strengthened against the US dollar.
BI predicted that the 2010 inflation would be back to normal pattern as the domestic economic activity and commodity's prices would return to normal.
In the financial sector, the financial system stability as a whole remained protected.
The response of the banking sector toward the monetary policy easing got better, by channeling more credits and lowering the credit interest rate.
The banking industry was in stable condition as reflected by the high capital availability rate (CAR) at 17 percent and the maintaining of the nonperforming loan (NPL) ratio at five percent.
***2***
(f001/A/HAJM/15:30/f001)
The BI Board of Governors considered the monetary policy relaxation since December 2008 by cutting the BI rate by 300 basis points to 6.50 percent, was quite conducive for the economic recovery process and banking intermediation, Dyah NK Makhijani, BI director for strategic planning and public relations, said.
The BI Rate at 6.50 percent was also considered consistent with the achievement of the inflation rate target in 2010 at 5 percent plus minus one percent.
The BI Board of Governors believed that the momentum for domestic economic improvement was getting stronger.
Various indicators showed that household consumption spending had continued to increase as it was boosted by consumption cost availability and consumers' confidence in future economic prospects.
On the external side, the country's exports continued to increase tracking the economic improvement in China and India.
The 2009 August inflation rate was higher than that in a month earlier particularly because of the Ramadhan fasting month.
However, she believed that the inflation rate in the remaining months this year would be lower as the rupiah strengthened against the US dollar.
BI predicted that the 2010 inflation would be back to normal pattern as the domestic economic activity and commodity's prices would return to normal.
In the financial sector, the financial system stability as a whole remained protected.
The response of the banking sector toward the monetary policy easing got better, by channeling more credits and lowering the credit interest rate.
The banking industry was in stable condition as reflected by the high capital availability rate (CAR) at 17 percent and the maintaining of the nonperforming loan (NPL) ratio at five percent.
***2***
(f001/A/HAJM/15:30/f001)
