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Government Envisions 2016 Economic Growth by 5,8% to 6,2%

Government Bank Indonesia remain hopefully optimistic despite this year's mildly concerning economic slow down.

Liputan6.com, Jakarta The Indonesian Ministry of Finance met the People's House of Representative (DPR) Commission XI today (8/6/2015) to discuss the future of its economy. Major topics discussed include inflation rate and interest rate of the State’s treasury letter (SPN).

Minister of Finance, Bambang Brodjonegoro speculated Indonesian macro economy growth in 2016 to be 5,8% to 6,2%. 

Such percentage however, remains a speculation and can change at anytime.

"We proposed the notion of economic growth ranging from 5,8% to 6,2%. Surely this will invite many criticism especially it is no longer a secret that the first half of 2015 is marked by Indonesia’s slow economic growth. But offcourse the debate does not end there, we will be discussing further to find out the closest estimation for the growth’s percentage," Minister Bambang informed.

As for inflation, both the government and Bank Indonesia agree that it will move in between the rate of  3% to 5%.

He continued explaining how rupiah exchange rate is predicted to remain at the level of Rp 12.800 to Rp 13.200 per US$ 1. 

He also explained how The Fed decision to increase its key rate in the second semester of 2015 would cause for rupiah to remain in its weak position. (Akp/Ein)

 

 
 
 
 

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