Indonesia says easing to support GDP growth
JAKARTA: Indonesia's central bank on Friday said it sees 2016 economic growth rebounding from last year's pace, which was the slowest since 2009, and that monetary policy easing will strengthen the momentum. "A measured monetary policy easing, while maintaining macroeconomic and financial stability, will strengthen the momentum of economic growth going forward," Bank Indonesia said in a statement. The central bank also said that government spending, investment and strong consumption will drive growth this year. The bank will hold a policy review on Feb. 17-18. Southeast Asia's largest economy picked up speed in the fourth quarter thanks to higher public spending, suggesting Widodo may be having some success in needed infrastructure investment.