You are here

Indonesia c.bank sees more room to ease, short-term focus on transmission

Indonesiacentralbank170316.jpg
Indonesia's central bank said it still sees room to further loosen monetary policy but will do so cautiously after cutting its key rate for the third time this year on Thursday.

[JAKARTA] Indonesia's central bank said it still sees room to further loosen monetary policy but will do so cautiously after cutting its key rate for the third time this year on Thursday.

Juda Agung, the bank's executive director for monetary and economic policy, told a press briefing that Bank Indonesia's short-term monetary policy focus is to strengthen the transmission of monetary loosening to the market.

It will do that by adjusting down a host of rates for banks'deposits with the central bank, and bonds issued by the central bank, all of which it calls "term structure" rates, he said.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom