JAKARTA : Indonesia's central bank will keep its key interest rate low until it sees signs of rising inflation, its deputy governor Dody Budi Waluyo told a seminar on Wednesday, adding that the bank will try to be"ahead of the curve" with its policy.
Dody said Bank Indonesia expected to see pressure on inflation and the exchange rate this year, but he said if there is no risk to its inflation outlook,"I think we will keep our interest rate as today." He predicted 2021 GDP growth would come in at around 3.6per cent, and this year's growth at around 5.1per cent to 5.2per cent, or the middle of BI's official 2022 growth outlook of 4.7per cent to 5.5per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore reviews inflation forecasts as core prices near 8-year highSingapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in December by the fastest pace in nearly eight years, driven by a steep increase in air fares. The core inflation rate — the central bank's favoured price measure - rose to 2.1% in December on a year-on-year basis, the highest since July 2014 and topping economist forecasts. Singapore's central bank tightened its monetary policy in October, delivering its first such move in three years, amid mounting cost pressures.
Source: YahooSG - 🏆 3. / 71 Read more »
BOJ's Kuroda vows easy policy as wage talks beginTOKYO : Bank of Japan Governor Haruhiko Kuroda on Tuesday vowed to keep monetary policy ultra-loose and said the central bank was mindful of the risk inflation could shoot up before wages begin to rise.Prime Minister Fumio Kishida blamed recent rising prices in Japan on global commodity inflation, stressi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore tightens monetary policy in off-cycle move to fight inflationSINGAPORE - Singapore's central bank said on Tuesday (Jan 25) it was tightening its monetary policy settings, in an out-of-cycle move, as global supply constraints and brisk economic demand fan inflation risks. The Monetary Authority of Singapore (MAS) manages monetary policy through exchange rate settings, rather than interest rates, letting the local dollar rise or fall against the currencies of...
Source: asiaonecom - 🏆 10. / 59 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
MAS tightens monetary policy in surprise off-cycle move: Why and what it means for you and meSINGAPORE: The Monetary Authority of Singapore (MAS) tightened its monetary policy on Tuesday (Jan 25) in an unexpected inter-meeting move aimed at countering rising inflation. The central bank, which typically holds its policy meetings in April and October, said it will “raise slightly” the rate of ap What if mkts capitulate 75-80% and take 4 years to recover, with Fed unable to change sentiment?‽?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says 2021 fiscal revenues rise 10.7% year-on-yearBEIJING: China\u0027s fiscal revenues rose 10.7per cent in 2021 from a year earlier to 20.25 trillion yuan ($3.20 trillion), Vice Finance Minister Xu Hongcai said on Tuesday. Fiscal expenditures rose 0.3per cent in 2021 from a year earlier to 24.63 trillion yuan, Xu told a news conference. China cut t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »