- doc.theage
VIVAnews - PT Bank Danamon estimates that the Indonesian central bank will cut down the benchmark rate following the October deflation and the likely lower coming inflation.
Bank Danamon economist, Anton Gunawan and Anton Hendranata, said in their research that Bank Indonesia may be more focused in back up growth in efforts to anticipate global economic downturn.
"We figure that BI will cut down the BI Rate by 25 points from 6.5 percent to 6.25 percent this month," the research says.
The National Statistics Agency earlier reports that 0.12 percent of deflation took place in October 2011.
Danamon has predicted the decrease in gold prices. However, the ease in transportation tariff was unexpected.
Danamon projected that the Rupiah may appreciate to Rp8,700 against US dollar by the end of the year.
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