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Indonesia central bank hold rates, monitoring inflation risks

Channel News Asia LogoChannel News Asia1 mo ago

Indonesia central bank hold rates, monitoring inflation risks

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JAKARTA : Indonesia's central bank left interest rates at a record low on Thursday, saying it was monitoring risks from rising inflation and would adjust monetary policy as needed.

BI Governor Perry Warjiyo said in a news conference he would continue to monitor inflation, including inflation expectations and take monetary measures as needed.

The rupiah has this month dropped to its weakest since October 2020 amid capital outflows leading up to and after the Federal Reserve raised U.S.rates by three quarters of a percentage point.


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Article Details

Category: Economy

Topics: Bank Interest Indonesia Policy Rate Rates Cent Central Rupiah Inflation Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 15:26:04

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 504 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5639

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 37m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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