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NEW UPDATES Asean Affairs   25 June 2014  




Interest rate not enough to tackle inflation: Bank Indonesia

Bank Indonesia (BI) senior deputy governor Mirza Adityawara says that the benchmark interest rate is not enough to handle the rising inflation rate.

" The Interest rate is always higher than inflation. If the inflation rate does not decrease, we cannot lower the interest rate," Mirza said in Makassar, South Sulawesi as quoted by Antara news agency.

He said that a sufficient supply of goods across the archipelago was a crucial issue in lowering inflation.

According to central bank data, Indonesia had never experienced inflation of more than 5 percent until 2013.

In that year, the country saw its inflation rate rise to 8.3 percent due to the increasing price of crude oil.

In addition, BI governor Agus Martowardojo says that the nation needs to accommodate an increasing demand of commodities in the domestic market.

"When demand rises while supply and production are not enough, we are going to see rising imports. This is a big issue and we need to resolve it immediately," Agus 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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