Bagus untuk banking sektor.
Bank Indonesia sees room for further rate cuts after mth-on-mth April CPI drop
JAKARTA (XFN-ASIA) - The month-on-month drop in April consumer price index
(CPI) creates room for further interest rate cuts over the rest of the year,
Bank Indonesia governor Burhanuddin Abdullah said.
Central Bureau of Statistics announced yesterday that the CPI in April
declined 0.16 pct from March although it rose 6.29 pct year-on-year.
"The deflation shows that the possibility to achieve inflation target is
increasing and there is room to adjust further the BI rate," Abdullah said.
BI rate is the central bank's benchmark interest rate. Bank Indonesia has
trimmed the rate by 375 basis points since last May to 9.0 pct currently.
Last month, the central bank's board of governors voted to leave the rate
unchanged. The next meeting is slated for next Tuesday.
[EMAIL PROTECTED] xfnab/xfnrc MMMM KZW53-02May07 10:31 GMT
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
