Bank Indonesia may raise interest rates this quarter, says governor

Perry Warjiyo
Perry Warjiyo

The governor of Indonesia’s central bank said the board may raise interest rates this quarter to contain inflationary pressures, but any hike will not be aggressive.

“The earliest will be in the third quarter of this year,” governor Perry Warjiyo said on July 8, when asked about the likely timing of the central bank’s first rate hike since 2018.

“If we are to respond with interest rates later on, we won’t be aggressive,” Warjiyo said, according to Reuters.

Bank Indonesia is among a few Asian

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: