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NEWS UPDATES Asean Affairs   October 23, 2018  





No strong reason for BI to increase key rate next month: CORE

Center of Reform on Economics (Core) Indonesia research director Piter Abdullah has said there is no strong reason for Bank Indonesia (BI) to increase its benchmark seven-day reserve repo rate during its board of governors meeting early next month.

“If BI increases the rate, it will narrow the room for the central bank to increase the key rate in the future, while the United States Federal Reserve is expected to increase its rate later this year,” said Piter in Jakarta on Monday as reported by kontan.co.id.

He added that the central Bank did not need to increase its rate following the slight trade surplus in September, and furthermore the rupiah exchange rate against the United States dollar was also relatively controllable, even though it was still under pressure.

Meanwhile, the inflation rate was also still low, at 1.78 percent from January to September year-to-date (ytd) and 2.87 percent year-on-year (yoy) and the whole-year inflation is expected to be lower than 3.5 percent, Piter added.

In the previous BI’s board of governors meeting in late September, the central bank decided to increase its policy rate by 25 basis points (bps) to 5.75 percent, following the Fed’s move to raise its policy rate.

The BI move was designed to help the stabilize rupiah exchange rate, which had depreciated 9.82 percent since January, according to the central bank. (bbn)



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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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