Jakarta (Antara Bali) - Bank Indonesia will continue to prioritize economic stability along with economic growth, Governor Agus Martowardojo said on Tuesday.
He made the statement in response to a question about China's central bank's decision to cut its rate by 25 basis points to 4.6 percent from 4.85 percent.
"BI must continue to remain alert towards external developments", he said after meeting with the House of Representatives' (DPR) Budget Committee.
Martowardojo added that Bank Indonesia must maintain its stance and impose a tight monetary policy because the world's crude oil prices were continuing to decline, while the economy in developing countries were still on a correction course.
"We must remain prudent and consistent so that the macro-economy remains stable", he said.
China's central bank has cut its rate for the fifth time since November 2014, to boost the country's economic growth, which is slowing down.
Bank Indonesia is still maintaining its rate at 7.5 percent after cutting the rate by 25 basis points in February.
The bank said the decision is in line with efforts to maintain inflation at a targeted range of between 4.0 percent plus/minus 1 percent in 2015 and 2016. (WDY)
COPYRIGHT © ANTARA News Bali 2015
He made the statement in response to a question about China's central bank's decision to cut its rate by 25 basis points to 4.6 percent from 4.85 percent.
"BI must continue to remain alert towards external developments", he said after meeting with the House of Representatives' (DPR) Budget Committee.
Martowardojo added that Bank Indonesia must maintain its stance and impose a tight monetary policy because the world's crude oil prices were continuing to decline, while the economy in developing countries were still on a correction course.
"We must remain prudent and consistent so that the macro-economy remains stable", he said.
China's central bank has cut its rate for the fifth time since November 2014, to boost the country's economic growth, which is slowing down.
Bank Indonesia is still maintaining its rate at 7.5 percent after cutting the rate by 25 basis points in February.
The bank said the decision is in line with efforts to maintain inflation at a targeted range of between 4.0 percent plus/minus 1 percent in 2015 and 2016. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015