Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Economy>>Low inflation is 'ammunition' to resist Fed rate hike: OJK

NEWS UPDATES Asean Affairs   March 2, 2018  







Low inflation is 'ammunition' to resist Fed rate hike: OJK

Low and stable inflation is seen as an asset for Indonesia to resist the Federal Reserve's plan to increase its reference rate four times this year, said Financial Services Authority (OJK) financial system stability department head Rendra Idris in Jakarta on Thursday.

He said if the Fed took another step to increase the rate, Bank Indonesia (BI) would also be pressured to increase its reference rate, but inflation would ease the pressure.

"If the government can keep the inflation by providing enough food supply, we can keep the rate competitive," he said during a press briefing at the OJK offices in Jakarta.

On Tuesday United States time, Fed Governor Jerome Powell hinted that the central bank would be more aggressive in response to possibly higher inflation amid cuts to corporate tax rates.

According to the Central Statistics Agency (BPS), inflation in February reached 3.18 percent year-on-year (yoy), compared to 3.83 percent yoy in February 2017.

Rendra added that if the pressure continued, BI still had adequate ammunition to stabilize the condition, such as releasing foreign currency reserves, which was recorded at US$131.98 billion in January.

"Basically, BI has a lot of ammunition other than increasing its reference rate. The central bank can go through other ways to cope with the possible rise of the Fed rate," he said.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       March 2, 2018 
• Low inflation is 'ammunition' to resist Fed rate hike: OJK Subcribe: Asean Affairs Global Magazine
• Budget 2018 passed in Parliament, with 8 Workers' Party MPs voting against it Subsribe Now !
• Indonesia makes push to reopen automotive
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Official releases EU trade data amid spat
• Inflation to accelerate further in February
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
QUESTIONS FOR TRIPALLY FROM WWW.ASEANAFFAIRS.COM
Advertise Your Brand

Asean Stock Watch   Febriaru 27,  2018

• Asean Stock Watch-February 27, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

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

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com