Indonesia’s central bank maintained its benchmark BI rate at 7.50 percent.
Bank Indonesia (BI), which has maintained rates since November 2013, also said inflation remains under control and is continuing to follow a downward trend, bolstering the prospect of meeting the 2014 inflation target of 4.5 percent, plus/minus one percentage pony.
Indonesia’s headline inflation rate rose to 4.83 percent in October from 4.53 percent in September while core inflation eased to 4.02 percent from 4.04 percent.
Indonesia’s current account deficit narrowed to US$ 6.836 billion in the third quarter from $8.689 billion in the second quarter, mainly due to a significant surplus in non-oil and gas balance and positive manufacturing exports and recommenced exports of unrefined mineral exports.