BI says it doesn't have the luxury to go against market

Jakarta

INDONESIA'S central bank doesn't have the luxury to go against what is happening in the global financial market, its senior deputy governor said, suggesting that Bank Indonesia (BI) would keep its policy tight this month.

BI kept its key interest rate on hold at 7.50 per cent in the eve of the US Federal Reserve's meeting this month, but analysts have said it has scope to cut sometime this year.