JAKARTA (Yosefardi) – Bank Indonesia’s board of governors today decided to keep the benchmark BI rate at 7.5%, for eight consecutive months.
The rate of lending and deposit facility is also maintained at 7.5% and 5.75% respectively. The decision is inline with effort to lead the inflation to 4.5% plus minus 1% this year, 4.0% plus minus 1% next year, and drag down current account deficit.
While composite index of the Indonesia Stock Exchange (IDX) fell 0.75% to close at 4934 Thursday (June 12) in line with regional markets.
Asian shares slipped on Thursday after Wall Street shares stepped back from record levels while civil war in Iraq supported oil prices, Reuters reported.
Nymex’s crude oil increased 0.92% to US$105.36 per barrel, highest in past three month amid Iraq anxiety. While gold inched up 0.05% to US$1,261.80 per ounce. The rupiah weakened again to Rp11,813 against the US dollar.
In Jakarta bourse, Adaro dropped 4.15%, Aneka Tambang fell 2.58%, Kalbe Farma lost 2.4%, and Telkom shed 3.02%.
Other losers were Vale Indonesia (-1.46%), BW Plantation (-1.95%), Bank Negara Indonesia (-1.43%), Bank Rakyat Indonesia (-1.22%), and Media Nusantara Citra (-1.2%).