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Friday 27 September 2013

Indonesia Shipping Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Indonesia Shipping Report Q4 2013
Sep 25th 2013, 00:00, by swapnil

BMI View: Reduction of Fuel Subsidies Will Lower Growth In Short Term A key development in June has prompted BMI to revise its economic outlook for Indonesia this year. On June 22 the government raised the prices of subsidised premium petrol and diesel by 44.4% and 22.2% respectively. This led to an inflation spike (the annual rate of inflation rose to 8.6% in July) and to a tightening of monetary policy by Bank Indonesia (BI) which raised the benchmark interest rate by 25 basis points in June and by another 50bps in July. BMI’s view is that both moves are …

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