Indonesia Central Bank Governor Flags Earliest Rate Hike in Q3

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Indonesia's central bank may raise interest rates in the current quarter to contain future pressure on core inflation, but any hike will not be aggressive and the size will hinge on the scale of energy subsidies next year. Its governor said on Friday.

Bank Indonesia (BI) is one of a few major Asian central banks not to have lifted rates from pandemic record lows due to a relatively low inflation rate and a nascent economic recovery from the Covid-19 pandemic.