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Indonesia's Central Bank sees room to cut rate

JAKARTA : A deputy governor of Indonesia's central bank said on Wednesday that it sees room to cut the benchmark rate.
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By Shoaib Ur Rehman
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imagesJAKARTA: A deputy governor of Indonesia's central bank said on Wednesday that it sees room to cut the benchmark rate.

"There's room to cut the benchmark rate. We haven't cut it now so I prefer to say that this would be an adjustment, normalisation towards normal operation. So it would not be a loosening," said Hartadi A. Sarwono.

He also said that the rupiah's volatility is temporary and Bank Indonesia is ready to enter the market when necessary.

 

Copyright Reuters, 2011

 

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