Bank Indonesia would leave its rate on hold until the end of the year

Unknown   20.31   Indo News   Comment  

JAKARTA. Bank Indonesia (BI) has ruled out the possibility of a rate cut for the remainder of the year despite a fall in the country’s inflation rate in September.

BI Governor Agus Martowardojo said in Jakarta on Friday that the situation in the global market was still too volatile to provide room for the central bank to lower its benchmark rate. “We have been posting current account