Will the BI Rate trimmed 25 bps?

Jakarta - BI expected to again lower its benchmark rate (BI Rate)in November 2011. Previously BI has cut interest rates by 25 basis points (bps) to 6.5% in October 2011.


"And in a policy statement in October 2011, the central bankseems to give room for further interest rate cuts to reduce thedecline in economic performance," said analyst Citi Asia Pacific,Johanna Chua in his official statement, this weekend.

According to Chua, these attitudes also reflect anxiety-related BIkeep interest rates high in the middle of the background of low interest rates and excess liquidity in the world.

In connection with the October CPI figures, even with the decline in world gold prices, overall inflation picture still looks not worry,this gives further credence BI to cut rates 25 bps to 6.25% this month. "After that we expect another cut 25 bps in January 2012,"he concluded.
source: inilah.com
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