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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Yanuar Pribadhie
Bank Indonesia notes that in 2013 the national current account deficit (CAD) was less than what was predicted.
In the fourth quarter of 2013, the CAD was USD 30b, less than the forecast level of USD 32b.
“If we look at it as a percentage of gross domestic product (Produk Domestik Bruto/PDB), the CAD was under 3.5 per cent in 2013. This number was better than that of the third quarter of 2013 which reached 3.8 per cent,” said BI’s Governor, Agus Martowardojo.
Despite the apparent improvement, the 2013 CAD was still higher than 2012, when it only reached USD 24b. Consequently, BI cannot be complacent. There is still a high risk that the CAD will be negatively impacted by the oil import deficit.
Miza Adityaswara, Senior Deputy Governor of BI added that 2013’s declining CAD is the result of the policies implemented by BI and the Government, such as the Loan to Deposit Ratio, Statutory Reserve Requirements, as well as the depreciation of the rupiah.
“The more the rupiah depreciated, the more inflation declined,” said Mirza.
Deputy Governor of BI Perry Warjiyo was also happy that the BI and Government policies on sustainable macro-prudential matters resulted in a surplus in the non-oil and gas balance of USD 5.4b.
“It is a rather good thing that he BI-Government coordinated policies can bring us into sustainable macro-economic conditions,” concluded Perry.
(hot/kc)
Bank Indonesia notes that in 2013 the national current account deficit (CAD) was less than what was predicted.
In the fourth quarter of 2013, the CAD was USD 30b, less than the forecast level of USD 32b.
“If we look at it as a percentage of gross domestic product (Produk Domestik Bruto/PDB), the CAD was under 3.5 per cent in 2013. This number was better than that of the third quarter of 2013 which reached 3.8 per cent,” said BI’s Governor, Agus Martowardojo.
Despite the apparent improvement, the 2013 CAD was still higher than 2012, when it only reached USD 24b. Consequently, BI cannot be complacent. There is still a high risk that the CAD will be negatively impacted by the oil import deficit.
Miza Adityaswara, Senior Deputy Governor of BI added that 2013’s declining CAD is the result of the policies implemented by BI and the Government, such as the Loan to Deposit Ratio, Statutory Reserve Requirements, as well as the depreciation of the rupiah.
“The more the rupiah depreciated, the more inflation declined,” said Mirza.
Deputy Governor of BI Perry Warjiyo was also happy that the BI and Government policies on sustainable macro-prudential matters resulted in a surplus in the non-oil and gas balance of USD 5.4b.
“It is a rather good thing that he BI-Government coordinated policies can bring us into sustainable macro-economic conditions,” concluded Perry.
(hot/kc)
Fathan Qorib, Yanuar Pribadhie
Bank Indonesia notes that in 2013 the national current account deficit (CAD) was less than what was predicted.
In the fourth quarter of 2013, the CAD was USD 30b, less than the forecast level of USD 32b.
“If we look at it as a percentage of gross domestic product (Produk Domestik Bruto/PDB), the CAD was under 3.5 per cent in 2013. This number was better than that of the third quarter of 2013 which reached 3.8 per cent,” said BI’s Governor, Agus Martowardojo.
Despite the apparent improvement, the 2013 CAD was still higher than 2012, when it only reached USD 24b. Consequently, BI cannot be complacent. There is still a high risk that the CAD will be negatively impacted by the oil import deficit.
Miza Adityaswara, Senior Deputy Governor of BI added that 2013’s declining CAD is the result of the policies implemented by BI and the Government, such as the Loan to Deposit Ratio, Statutory Reserve Requirements, as well as the depreciation of the rupiah.
“The more the rupiah depreciated, the more inflation declined,” said Mirza.
Deputy Governor of BI Perry Warjiyo was also happy that the BI and Government policies on sustainable macro-prudential matters resulted in a surplus in the non-oil and gas balance of USD 5.4b.
“It is a rather good thing that he BI-Government coordinated policies can bring us into sustainable macro-economic conditions,” concluded Perry.
(hot/kc)
Bank Indonesia notes that in 2013 the national current account deficit (CAD) was less than what was predicted.
In the fourth quarter of 2013, the CAD was USD 30b, less than the forecast level of USD 32b.
“If we look at it as a percentage of gross domestic product (Produk Domestik Bruto/PDB), the CAD was under 3.5 per cent in 2013. This number was better than that of the third quarter of 2013 which reached 3.8 per cent,” said BI’s Governor, Agus Martowardojo.
Despite the apparent improvement, the 2013 CAD was still higher than 2012, when it only reached USD 24b. Consequently, BI cannot be complacent. There is still a high risk that the CAD will be negatively impacted by the oil import deficit.
Miza Adityaswara, Senior Deputy Governor of BI added that 2013’s declining CAD is the result of the policies implemented by BI and the Government, such as the Loan to Deposit Ratio, Statutory Reserve Requirements, as well as the depreciation of the rupiah.
“The more the rupiah depreciated, the more inflation declined,” said Mirza.
Deputy Governor of BI Perry Warjiyo was also happy that the BI and Government policies on sustainable macro-prudential matters resulted in a surplus in the non-oil and gas balance of USD 5.4b.
“It is a rather good thing that he BI-Government coordinated policies can bring us into sustainable macro-economic conditions,” concluded Perry.
(hot/kc)