Business & Finance
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.
1 min
By
"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