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Jumat, Maret 29, 2024
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Indonesia C.Bank Holds Rates after Months of Hikes

By contrast, Indonesia’s inflation peaked at 5.95% in September after the government hiked subsidised fuel prices and cooled to 5.28% in January.

“Core inflation is easing faster than we anticipated … So we view, we believe that the BI policy rate is sufficient,” BI Governor Perry Warjiyo told a news conference.

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“Sufficient means no need for more hikes. That is our monetary policy stance,” Warjiyo said.

Warjiyo said this was faster than BI had anticipated. BI aims to get inflation back to within its 2% to 4% target range in the second half of this year and core inflation to stay within the same band throughout the year.

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But some economists warned that risks remained because of factors such as interest rate differentials, with the U.S. Federal Reserve likely to raise rates further, as well as a possible flareup in domestic prices again.

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