BI Rate Down Further at 8.50%
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Thursday, 7 June 2007 15:37:54
StockWatch (Jakarta) - Bank Indonesia (BI) governors decided in the meeting
today (7/6) to cut BI Rate further by 25 basis points at 8.50% after
considering the inflation in May which was 0.10% and the latest economic and
financial growths.
BI Governor Burhanuddin Abdullah said in a press release that generally the
economic expansion had continued until the first quarter of 2007 with a more
balanced pattern. He said the economic growth in the first quarter was 5.97%,
higher than BI earlier projection.
Abdullah said the economic growth was supported mainly by the private
consumption and higher export. Fixed gross capital in the first quarter was
7.51%, higher than 1.14% in the same period of 2006. (yan/bud)
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