BI Rate Likely to Increase by 50 Basic Points in 2014
21 December 2013 13:20 WIB
TEMPO.CO, Jakarta - Bank Indonesia (BI) is likely to increase the BI rate next year. Head of the Economic Division of Mandiri Sekuritas Destry Dayamanti, said that the impact of the monetary tightening policy that Bank Indonesia implemented would still be felt next year. Destry added that the BI Rate was also likely to increase in 2014.
"We expect that the BI Rate would increase by 50 basic points in 2014, just like what they did to the real sector to push down pressures to the Rupiah and the deficit," said Destry at Plaza Mandiri, Jakarta, on Friday.
According to Destry, challenges in 2014 are the impacts of the monetary tightening policy. She said that the increase of BI Rate would affect the growth of credits. In addition, investment is also predicted to grow restrictedly. "In 2014, we have to create a harmonization of mid-term macro economic policies, followed by structural reforms," she uttered.
ANGGA SUKMA WIJAYA | FAIZ NASHRILLAH
