In­done­sia says eas­ing to sup­port GDP growth

The Pak Banker - - FRONT PAGE -

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.

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