BI to stick to data in deciding any rate cuts
Jakarta
BANK Indonesia would consider loosening monetary policy if inflation and the current account deficit were under control, a view "in line" with recent government comments that the country should cut rates gradually, said Peter Jacobs, a director at the central bank.
The authority will be data dependent in its decisions, Mr Jacobs said in an interview on Tuesday. President Joko Widodo and vice-president Jusuf Kalla met governor Agus Martowardojo last week and didn't ask for a cut, and there was n…
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