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Indonesia keeps interest rates unchanged

by ChemOrbis Editorial Team -
  • 19/05/2017 (10:45)
According to media reports, Indonesia’s central bank kept its interest rates unchanged at 4.75% for the seventh month in a row due to inflation getting closer to the top of the targeted range. Economists predict that it will keep the rates at the same level for the rest of the year.

Bank Indonesia said inflation is manageable but risks remain due to higher energy costs as well as an increase in food prices. Bank Indonesia and the government will reportedly strengthen their coordination and increase efforts to keep inflation under control.

The central bank expects an economic growth of 5.1% for the second quarter and above 5.2% for the following quarters. For 2017, the economy is estimated to grow by 5%.
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