JAKARTA (Yosefardi) – Bank Indonesia’s board of governors decided to keep the benchmark BI rate at 7.25%. The rate of lending and deposit facility is also maintained at 7.5% and 5.75% respectively.
The central bank said the economic outlook for 2014 and 2015 is predicted to be consistent with the BI Rate policy that would drive the inflation to 4.5% and plus minus 1% this year and 4% and plus minus 1% in 2015.
Based on current development, the global economy is improving led by the United States and Japan, as well as the recovery in European zone, China and India.
Indonesian economy is predicted to grow by 5.7% in 2013, slower than 6.2% in 2012. For this year, Indonesian economy is predicted to grow by 5.8% to 6.2%.
The pressures on the current account transaction declined in fourth quarter of 2013, then the foreign exchange reserves increased to US$99.4 billion in that period, equivalent to 5.4 months of import and the government’s foreign debt payment.