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Indonesia's central bank governor sees below target GDP in 2015

Thursday, May 28, 2015 - 18:28

[JAKARTA] Indonesia's economic growth will be 5.1 per cent in 2015, the central bank governor said on Thursday, below the bank's previous forecast of 5.4-5.8 per cent, partly due to weaker exports and commodity prices.

Indonesia's economic growth would be 5.4-5.8 per cent in 2016, Central Bank Governor Agus Martowardojo said, adding that the rupiah currency would average 13,000-13,200 to the dollar in 2015 and 13,000-13,400 in 2016.

Earlier this month, Indonesia's finance minister said economic growth of 5.4 per cent looked more realistic for this year, lower than the government's goal of 5.7 per cent.

REUTERS