Bank Indonesia sees 5.4% growth this year as too optimistic

Jakarta

INDONESIA'S central bank said economic growth of 5.4 per cent this year is too optimistic and the nation should aspire for higher credit ratings to catch up with South-east Asian peers.

"In our view, the 2017 growth rate should be higher than 2016," Bank Indonesia senior deputy governor Mirza Adityaswara said in an interview in Jakarta on Friday. "Maybe 5.4 per cent is still a bit too aggressive, but we think 5.1 per cent to 5.2 per cent is still a possible number to achieve in 2017."