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BI Deputy Gov: Not Closed to Interest Rate-Hike Option

Bank Indonesia Deputy Governor Muliaman Hadad Sunday said the central bank isn't closed to the option of increasing interest rates, and cautioned that the room to manage inflation through local currency rise is not as “big“ as before.

“Indeed we see that inflation is on a downward trend for now. But I don't think we are closed to the option of hiking interest rates“ Hadad told Dow Jones Newswires at the sidelines of the World Economic Forum East Asia.

He added that while the appreciation of the rupiah against the dollar helps to check imported inflation, “the room for maneuvering (1/8)inflation through currency appreciation is not so big as before.“


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