Indonesia central bank to go all out with policy to keep inflation low-official

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

JAKARTA : Indonesia's central bank will be 'all out' with measures to keep inflation low, including adjusting interest rates if it sees signs of core inflation accelerating, a senior official said on Monday.'We will be monitoring inflation pressures, especially coming from volatile food and also the impac

JAKARTA : Indonesia's central bank will be"all out" with measures to keep inflation low, including adjusting interest rates if it sees signs of core inflation accelerating, a senior official said on Monday.

"We will be monitoring inflation pressures, especially coming from volatile food and also the impact on inflation expectations, and in this regard, we will use all of our policy tools all out," Senior Deputy Governor of Bank Indonesia , Destry Damayanti told a parliamentary hearing . She also said the rupiah currency has been under quite intense pressure recently, but that BI predicted less pressure in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in SG

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.

Thai economy growing, policy to be adjusted to tackle inflation-central bankBANGKOK : Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.The recovery has been clearer and could be better than expected while there is a greater risk inflation will be higher than projected, the Bank of Tha
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BOJ policymakers saw need to keep ultra-easy policy - June meeting summaryTOKYO : Bank of Japan (BOJ) board members saw the need to maintain ultra-loose monetary policy to prop up wages and spur demand-driven rise in inflation, a summary of opinions at their June policy meeting showed on Monday.Sharp yen falls would hurt Japan's economy by heightening uncertainty over the outlo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's central bank, BIS set up renminbi liquidity arrangementSHANGHAI : China's central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations. The People's Bank of China (PBOC) said the Cannot withdraw money from banks. Forget about putting money there. 🤔🤔🤔
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

BOJ focused on wages, yen at June meeting, no debate on tweaking yield capTOKYO: Many Bank of Japan (BOJ) policymakers saw stronger wage growth as key to sustaining the bank's 2 per cent inflation goal, according to a summary of opinions expressed at a June meeting, underscoring their resolve to maintain ultra-low interest rates. The summary of views voiced at the bank's Jun 16-
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

French lawmakers plan US$8.4 billion aid for households to fight inflationPARIS: French lawmakers are drafting a bill to shore-up household buying power by raising some forms of government assistance by 4 per cent, at a cost of €8 billion (US$8.44 billion) from July to April next year, business daily Les Echos reported on Sunday (Jun 26). According to the report, the planned i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Analysis-Food export bans, from India to Argentina, risk fueling inflationMUMBAI/BUENOS AIRES/LONDON : It only took 24 hours last month for Prime Minister Narendra Modi's government in India - the world's second-largest producer of wheat - to shelve its plans to 'feed the world'.In April, Modi had said publicly that the world's most populous democracy was ready to fill part of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »