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NEWS UPDATES Asean Affairs   February 19, 2018  













BI maintains key rate at 4.25 percent

Bank Indonesia (BI) has decided to maintain its benchmark rate on the back of the macroeconomic and financial system stability as well as to support the domestic economic recovery.

BI's seven-day reverse repo rate was kept at 4.25 percent, while lending rates and the deposit facility rate were also maintained at 5 percent and 3.5 percent, respectively.

“We believe [the decision] was in line with the macroeconomic and financial system stability and supports Indonesia’s economic recovery,” said BI Governor Agus Martowardojo in Jakarta on Thursday.

However, Agus added that BI continued to monitor external risks, such as instability generated from the Federal Reserve's interest rate hike, which could be higher than anticipated, and the increase in oil price.

The domestic risks, meanwhile, include ongoing corporate consolidation, weaker-than-expected banking intermediation as well as risks to inflation, Agus added.

“Bank Indonesia will continue to optimize the monetary, macroprudential and payment system policy mix to maintain the balance between macroeconomic and financial system stability as well as strengthening the implementation of structural reform,” he said.



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ASEAN  ANALYSIS

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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