Economy / Indonesia
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
Macroeconomic Forecast Indonesia
July 2004 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
Higher interest rates could weigh down on domestic demand during the second half of 2003. Yields on one-month Bank Indonesia Certificates (SBIs) edged up to 7.37% at the central bank's July 7 auction from 7.34% a fortnight earlier. Last month, the central bank introduced a package of measures aimed at mopping up an estimated IDR39trn-40trn in excess liquidity in a bid to support the local currency, the rupiah. One-month SBI rates will reach 8.0% by the year's end, BMI believes. Our forecast of 4.5% real GDP growth this year holds.