TEMPO.CO, Jakarta – Director of the Center of Economics and Law Studies (Celios) Bhima Yudhistira predicted that the poverty gap will widen more quickly if egg prices continue to skyrocket. The number of poor people will also increase following the hike in the price of basic food needs. “Chicken eggs contribute 4.12 percent to the poverty line in […]
Read MoreIndonesia’s central bank hiked its key interest rate Tuesday for the first time in nearly four years to combat rising inflation stoked by the Covid-19 pandemic and war in Ukraine. Bank Indonesia raised the policy rate to 3.75 from 3.5 percent, a move that went against the majority of analysts’ predictions. Its two other main […]
Read MoreINDONESIA’S central bank raised its benchmark interest rate for the first time since 2018 on Tuesday (Aug 23), stepping up monetary tightening to fight rising inflation. Bank Indonesia (BI) hiked the 7-day reverse repurchase rate by 25 basis points (bps) to 3.75 per cent. Most analysts surveyed by Reuters had expected BI to stand pat, […]
Read More(Bloomberg) — Indonesia is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation. Bank Indonesia will keep its seven-day reverse repurchase rate at 3.5% on Tuesday, according to 24 of 31 […]
Read MoreINDONESIA is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation. Bank Indonesia will keep its 7-day reverse repurchase rate at 3.5 per cent on Tuesday (Aug 23), according to 24 […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s economic recovery could be affected by the increase in subsidized fuel prices, Director of the Center of Economics and Law Studies (Celios) Bhima Yudhistira has argued. He said this is because the price hike in Pertalite and Solar may lead to an increase in inflation. If the inflation rate is too high and labor absorption […]
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