Banking Update

by | Oct 4, 2016 | | 0

Inflation is expected to be under control until year end, and the rupiah is keeping its appreciation. The central bank, Bank Indonesia (BI), would cut its benchmark rate the BI 7-day reverse repo rate, from current 5%. The Government successfully controlled food prices during January-September 2016, so that the inflation for the period reached 1.97%, with year-on-year inflation at 3.07%, lower than the Government’s target of 4% set on the revised 2016 state budget (APBN-P).

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