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NEWS UPDATES Asean Affairs     May 22, 2017  

Bank Indonesia keeps rate unchanged at 4.75 percent

Bank Indonesia (BI) will keep its Seven-Day Reverse Repo Rate ( 7DRRR ) unchanged at 4.75 percent for the eighth time in a row since October 2016, citing high potential inflation and external pressures amid the United States Federal Reserve’s plan to raise interest rates in June.

The central bank will continue to adopt a neutral monetary policy until the middle of this year and will prioritize economic stability for the sake of sustainable economic growth, BI Governor Agus Martowardojo said at a press briefing on Thursday.

"We will also allow the rupiah exchange rate to fluctuate but it has to reflect economic fundamentals," he said after attending a quarterly meeting of the BI Board of Governors as reported by Antara.

BI wants to keep the inflation rate this year at between 3 percent to 5 percent year-on-year (yoy).

The inflation rate reached 4.17 percent yoy in April, he said, adding that the central bank would stay alert for inflationary pressures as the government is likely to go ahead with a plan to adjust the electricity subsidy.

The bank also sees that inflationary pressures might arise from prices for volatile foodstuffs at the end of May due to high demand during the fasting month of Ramadhan. --The Jakarta Post

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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