BI rate increase to cover the inflation pressure
— yulyanto
closeAuthor: yulyanto
Name: yulyanto
Site: http://www.yulyanto.multiply.com
About: I was born on July, 16th of 1979, after graduate from senior high school on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005, after finish my first master degree in management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by office‘s scholarship. Since graduate from senior high school, I have been working at PT Sanwell Austindo - Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager. Besides of that until now I am still responsible as an Internal Control Manager at PT Austindo Perdana - Bali (austindo group). I am very interest with writing world, and have been contributed my opinion by some media, like’s science journal, articles, blogs and in my personal website too. (www.yulyanto.multiply.com).See Authors Posts (211) • June 7th, 2008
According to the Central Statistic Agency (BPS), our inflation in May 2008 is around 10.4 percent.
This condition automatically will influence our economic growht. As we now that the government of Indonesia expects the economy to growht by between 6 – 6.4 percent for this year. For the first qurtal of 2008, BPS was reported the economy had grown 6.3 percent.
Refer to the inflation, our central bank had raised on Thursday its key interest rate for the second time consecutively in two months to help ease inflation pressure triggered by higher prices of fuel and other commodities in the world.
Last month, BI raised its rate by 25 basis points to 8.5 percent from 8.25. Increasing 2.5 basis point was moderate and refelection that BI concern about the economic growht, while easing infaltionary prices.
BI must be manage to maintain the interest rate around 9 percent below to remain our stable economic. BI also plans to ease volatility in the exchange rate, absorb liquidity excess in banks and optimize open market operations in a bid to help put a break on speeding inflation.
Topic: Business, Economic Growth, Government, News
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