ID :
98593
Thu, 01/07/2010 - 09:09
Auther :
Shortlink :
https://www.oananews.org//node/98593
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BI MAINTAINS KEY RATE AT 6.5 PERCENT
Jakarta, Jan. 6 (ANTARA) - The Board of Governors of BI (Bank Indonesia) at meeting here on Wednesday decided to maintain the BI Rate at the level of 6.5 percent.
The BI Rate at the 6.5 percent level was considered consistent with the 2010 inflation target achievement at 5 percent with plus minus of one percent, according to Darmin Nasution, interim BI Governor, here on Wednesday
The BI Board of Governors believed that a balance of risk of the inflation would not emerge at least in the first semester of 2010, he said.
The BI rate was also believed still conducive for the efforts to strengthen the economic recovery process, to maintain the financial stability, and to boost banking intermediation.
The BI Board of Governors was also optimistic that the domestic economic recovery would continue.
The domestic economic growth in 2009 was estimated at 4.3 percent despite the global economic turmoil.
The economic growth was also boosted by growing optimism and expectation of the global economic recovery acceleration since midst last year, as well as by accommodative monitory and fiscal policy.
Reform in the financial sector which has been done over the past few years, also contributed to banking immunity improvement against external upheavals, he said.
The 2009 inflation rate was recorded at 2.78 percent, far below BI's inflation target of 4.5 percent with plus minus one percent.
BI predicted that the 2010 inflation rate will be around 5 percent with plus minus of one percent.
Meanwhile, President Susilo Bambang Yudhoyono said Indonesia`s economic performance in 2009 was quite sound despite the global economic crisis.
"Alhamdulillah with hard work and all efforts being taken, we managed to maintain the 2009 economic performance far much better than that in other countries," President Yudhoyono said on Tuesday when submitting a List of Approved Projects (DIPA) B 2010 to state ministries and departments as well as regional administrations.
The national economic growth in 2009 was estimated at above four percent, or the third rank among the G-20 member countries.
The foreign exchange reserves amounted to over US$65 billion, the highest figure ever achieved by Indonesia. Indonesia enjoyed a budget surplus of Rp38 trillion at the end of 2009.***
The BI Rate at the 6.5 percent level was considered consistent with the 2010 inflation target achievement at 5 percent with plus minus of one percent, according to Darmin Nasution, interim BI Governor, here on Wednesday
The BI Board of Governors believed that a balance of risk of the inflation would not emerge at least in the first semester of 2010, he said.
The BI rate was also believed still conducive for the efforts to strengthen the economic recovery process, to maintain the financial stability, and to boost banking intermediation.
The BI Board of Governors was also optimistic that the domestic economic recovery would continue.
The domestic economic growth in 2009 was estimated at 4.3 percent despite the global economic turmoil.
The economic growth was also boosted by growing optimism and expectation of the global economic recovery acceleration since midst last year, as well as by accommodative monitory and fiscal policy.
Reform in the financial sector which has been done over the past few years, also contributed to banking immunity improvement against external upheavals, he said.
The 2009 inflation rate was recorded at 2.78 percent, far below BI's inflation target of 4.5 percent with plus minus one percent.
BI predicted that the 2010 inflation rate will be around 5 percent with plus minus of one percent.
Meanwhile, President Susilo Bambang Yudhoyono said Indonesia`s economic performance in 2009 was quite sound despite the global economic crisis.
"Alhamdulillah with hard work and all efforts being taken, we managed to maintain the 2009 economic performance far much better than that in other countries," President Yudhoyono said on Tuesday when submitting a List of Approved Projects (DIPA) B 2010 to state ministries and departments as well as regional administrations.
The national economic growth in 2009 was estimated at above four percent, or the third rank among the G-20 member countries.
The foreign exchange reserves amounted to over US$65 billion, the highest figure ever achieved by Indonesia. Indonesia enjoyed a budget surplus of Rp38 trillion at the end of 2009.***
