ID :
14948
Tue, 08/05/2008 - 17:13
Auther :
Shortlink :
http://m.oananews.org//node/14948
The shortlink copeid
BI RAISES BENCHMARK RATE TO 9.00 PERCENT
Jakarta, July Aug 5 (ANTARA) - Bank Indonesia (BI) raised its benchmark interest rate (BI rate) by 25 basis point from 8.75 percent to 9.00 percent, according to a BI press statement made available here on Tuesday.
The central bank in the press statement distributed to journalists said the decision to raise the BI rate was taken during a meeting of the BI board of governors.
It said that the BI rate was increased in an effort to stabilize the economic financial system and to support the mid-term inflation target.
BI Governor Boediono said BI still saw risks of inflationary pressures in the future which originated from world oil and food price fluctuations and demand pressures.
The central bank in the press statement distributed to journalists said the decision to raise the BI rate was taken during a meeting of the BI board of governors.
It said that the BI rate was increased in an effort to stabilize the economic financial system and to support the mid-term inflation target.
BI Governor Boediono said BI still saw risks of inflationary pressures in the future which originated from world oil and food price fluctuations and demand pressures.
