Indonesia's misaligned interests
Apr 30, 2012
Bank Indonesia hikes rates 0.5% as government tightens export controls
The central bank said the surprise decision is a "pre-emptive" measure to keep inflation in check and to stablise the rupiah as the Iran war drags on. Exports of "strategic natural resources" will need to go through state-owned enterprises.
.jpg&c=1&h=810&q=100&v=20260521&w=1440 "Bank Indonesia hikes rates 0.5% as government tightens export controls")
In a surprise move, Bank Indonesia has hiked interest rates by 0.5% to 5.25%, as the central bank continues to try to stabilise the under pressure rupiah which recently hit a record low agaist the US dollar.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior financial professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
