“Indonesia kept its benchmark interest rate unchanged for a ninth straight meeting as economic growth exceeding 6 percent reduced the need for monetary stimulus.
Bank Indonesia Governor Darmin Nasution and his board held the reference rate at a record-low 5.75 percent, the central bank said in Jakarta today. The decision was predicted by all 16 economists surveyed by Bloomberg News.
Indonesia’s growth has outperformed every major Asian economy after China this year as the world’s fourth-most populous nation lures investment, helping gross domestic product expand 6.17 percent last quarter from a year earlier. The country has avoided adding to a February rate cut while neighbors from Thailand to the Philippines extended monetary easing to counter faltering global growth, as the region’s worst-performing currency this year boosted inflation pressure.”
If you enjoy the content at iBankCoin, please follow us on Twitter
