Bank Indonesia is starting to feel the pressure from various parties so that BI's interest rate is raised. However, Bank Indonesia will continue to maintain this so that the BI rate at 6.5 percent rate.
Bank Indonesia Governor Nasution assured the House of Representatives Commission XI that this benchmark rate would not be raised so that credit can continue to grow. Bank Indonesia expects loan growth this year could grow 24 percent maximum.
"Although already started (the factors urged to rise), but we will use other instruments," Nasution said in a question and answer with the Commission XI of DPR RI, Monday, September 20, 2010. One of them is exemplified the reserve requirement (statutory minimum).
"So far as we could still use other instruments, we will not change the BI rate in the pack. It fell hard, but if we stay still dared to struggle," said Nasution convincing.
Darmin admitted, in the present interest rate of bank credit was still much higher calling. But the fact of loan disbursements have reached 22 percent.
Meanwhile, about the exchange rate, said Nasution, Bank Indonesia assumption next year is in the range Rp9.300. The value of this exchange rate is fundamentally due to the economy and inflation is not enough between 5.5 to 6 percent, while inflation RI trading partners only 2 percent.
"Seeing that reason, we estimate exchange rate will depreciate approximately 3.5 to 4 percent," said Nasution. For that reason proposed for Rp9.300 per dollar exchange rate. Although recognized there is a possibility of capital inflows even greater than imagined. But this response to capital inflows, the Bank Indonesia consider it as a conservative assumption.
"Do not be lower (than Rp9.300), that there is but little, is it not possible that the government takes this small probability," he said.
Previously, the government expects domestic interest rates next year will be difficult to come down. Although the assumption of three-month Bank Indonesia Certificates targeted 6.5 percent, interest rates tend to increase even expected.
Agus Martowardojo Finance Minister said the increase was in line with domestic economic conditions are getting better.
"Inflation is an increase would make interest rates tend to increase," said Agus in delivering the government's response upon exposure to the macroeconomic conditions in 2011 in the House of Representatives, Monday, September 20, 2010. "Next year room rates to go down a little," he said.
"Although already started (the factors urged to rise), but we will use other instruments," Nasution said in a question and answer with the Commission XI of DPR RI, Monday, September 20, 2010. One of them is exemplified the reserve requirement (statutory minimum).
"So far as we could still use other instruments, we will not change the BI rate in the pack. It fell hard, but if we stay still dared to struggle," said Nasution convincing.
Darmin admitted, in the present interest rate of bank credit was still much higher calling. But the fact of loan disbursements have reached 22 percent.
Meanwhile, about the exchange rate, said Nasution, Bank Indonesia assumption next year is in the range Rp9.300. The value of this exchange rate is fundamentally due to the economy and inflation is not enough between 5.5 to 6 percent, while inflation RI trading partners only 2 percent.
"Seeing that reason, we estimate exchange rate will depreciate approximately 3.5 to 4 percent," said Nasution. For that reason proposed for Rp9.300 per dollar exchange rate. Although recognized there is a possibility of capital inflows even greater than imagined. But this response to capital inflows, the Bank Indonesia consider it as a conservative assumption.
"Do not be lower (than Rp9.300), that there is but little, is it not possible that the government takes this small probability," he said.
Previously, the government expects domestic interest rates next year will be difficult to come down. Although the assumption of three-month Bank Indonesia Certificates targeted 6.5 percent, interest rates tend to increase even expected.
Agus Martowardojo Finance Minister said the increase was in line with domestic economic conditions are getting better.
"Inflation is an increase would make interest rates tend to increase," said Agus in delivering the government's response upon exposure to the macroeconomic conditions in 2011 in the House of Representatives, Monday, September 20, 2010. "Next year room rates to go down a little," he said.
