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Indonesia will ease policy again, but timing unclear: central bank deputy governor
[JAKARTA] Bank Indonesia Deputy Governor Perry Warjiyo said the central bank will ease its monetary policy more, although when that will happen depends on domestic and external conditions.
"There will be further monetary easing, but the timing and magnitude will follow (domestic and external) assessments," Mr Perry told a Standard Chartered Bank client forum on Monday.
He also said that because the government has done auctions for infrastructure and other projects earlier in the year, "the signal for monetary policy easing is strong".
On Jan 14, the central bank cut the benchmark rate by 25 basis points, to 7.25 per cent. It was the first cut in 11 months.
Bank Indonesia expects the economy to grow 5.2 per cent this year, stronger than last year's growth outlook of 4.9 per cent.
Indonesia's statistics bureau is due to announce 2015 gross domestic product data on Feb 5.