- VivaNews/ Nur Farida
VIVAnews - Bank Indonesia maintained its benchmark interest rate (BI Rate) at 6.75 percent. The BI Rate level is still considered adequate in maintaining macroeconomic stability and financial system and supporting improving economic expansion.
In its press release, the Indonesian central bank stated it believes the impacts of global market crisis are moderate and can be overcome.
BI viewed the issued monetary policy will be able to maintain macro-economic stability and bring inflation to the desired target, which is 5 percent plus or minus 1 percent in 2011 and 4.5 percent plus or minus 1 percent in 2012.
BI Board of Governors considered that the performance of the domestic economy is on the good side. The economic growth in the second quarter of 2011, which is as expected 6.5 percent, is likely to ascend the more. The estimated growth of the third quarter of 2011 and the entire year is 6.6 percent.Â
The economic expansion was supported by the solid performance of exports, household consumption, and the investment as demands and realized government’s capital spending elevate. The highest contribution to economic growth is expected to come from trade, hotels and restaurants, transport and communications, as well as industrial sectors.
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