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

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