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Home  >>   Daily News  >>   Indonesia News  >>   Finance  >>   Bank Indonesia may hold key rate as inflation hits 7 percent
NEWS UPDATES Asean Affairs   04 January 2011

Bank Indonesia may hold key rate as inflation hits 7 percent

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Indonesia's inflation rate nearly reached 7 percent last year after a sharp increase in food prices, the Central Statistics Agency (BPS) announced Monday.

Still, that may not be enough for Bank Indonesia to raise its benchmark rate when its board of governors meets on Wednesday, January 5, analysts and economists said.

Annualized inflation hit 6.96 percent in December, up from 6.33 percent in November.

Bank Indonesia may hold the benchmark rate at its current level for as long as possible to help support an economy expected to grow 6.4 percent in 2011 and to manage the risk from capital inflows.

Indonesia, which lags behind its peers in monetary tightening, "will feel the need to contain rising inflation in next few months," an expert says.

Analysts and economists said Bank Indonesia may need to raise its key rate by 25 basis points in the second quarter of this year.


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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

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