CEBU, Philippines : It's too early for Indonesia's central bank to consider cutting interest rates, a member of the bank's board of governors said on Monday, even as the country's inflation eases but concerns over slowing growth mount as exports slow.Bank Indonesia (BI) has kept policy rates unchanged sin
CEBU, Philippines : It's too early for Indonesia's central bank to consider cutting interest rates, a member of the bank's board of governors said on Monday, even as the country's inflation eases but concerns over slowing growth mount as exports slow.
"It is too early to say when we will cut. Yes, the core inflation is already even lower than 3 per cent. But of course there are some risks still," Juda Agung, BI's deputy governor and a member of the rate-setting board, told Reuters on the sidelines of a conference co-hosted by the Philippines' central bank and the International Monetary Fund.
Indonesia's headline inflation, which peaked at 5.95 per cent in September 2022 amid rising global commodity prices, eased to 4.33 per cent last month. Core inflation has stayed below 3 per cent since March.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines places buoys in parts of South China Sea to assert sovereigntyFive buoys carrying the national flag were set up from May 10 to 12 in five areas within the EEZ. Read more at straitstimes.com.
Read more »
Philippines’ new military deal with US: Will it tilt power balance in South China Sea?Filipino fishermen welcome the increased presence of US troops. Others, such as a provincial governor and a woman pressured into sex work in her youth, worry that it could invite trouble. The programme Insight examines what is at stake.
Read more »
Philippines places buoys in parts of South China Sea to assert sovereigntyMANILA: The Philippines has placed navigational buoys within its exclusive economic zone (EEZ) to assert sovereignty over the disputed Spratly Islands in the South China Sea, a coast guard spokesperson said on Sunday (May 14). The step comes amid China's increasingly aggressive actions in the South China S
Read more »
Philippines' finance minister says no reason for rate hikeMANILA : The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country's finance minister said ahead of a May 18 monetary policy meeting.Finance Secretary Benjamin Diokno reiterated his stance against a rate hike when he spoke to reporters. But he s
Read more »
Philippines places buoys in parts of South China Sea to assert sovereigntyMANILA, May 14 (Reuters) - The Philippines has placed navigational buoys within its exclusive economic zone (EEZ) to assert sovereignty over the disputed Spratly islands in the South China Sea, a coast guard spokesperson said on Sunday (May 14). The step comes amid China's increasingly aggressive actions in the South China Sea as Philippines President Ferdinand Marcos Jr pursues warmer...
Read more »
Philippines' Marcos signs 15-year Malampaya gas contract renewalMANILA : Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output. The Malampaya gas field off Palawan province, in an area of
Read more »