Indonesia pulls policy levers to curb inflation

Bank Indonesia combined its fourth-straight rate rise with exchange-rate and liquidity measures on Tuesday in a bid to tackle inflation, now in double digits.

The central bank raised its benchmark BI rate a quarter point to 9%, and said it intended to control exchange-rate volatility and absorb excess liquidity to "reinforce monetary-policy effectiveness" and reduce inflation to between 6.5% and 7.5% in 2009. Annual inflation in the year to July rose to 11.9%, up from 11.03% the previous mont

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: