Monday, October 12, 2009

Indonesia's economic growth reached 5.5% in 2010

Institutions Deposit Insurance Corporation (Lembaga Penjamin Simpanan, LPS) decided to not change the amount of insurance rates in the period October 15, 2009 until January 14, 2010. The interest rate guarantee period 15 October 2009-14 January 2010 is as follows, the interest rate guarantee for rupiah deposits at commercial banks is 7 percent. Then the interest rate guarantee for foreign currency deposits in commercial banks amounted to 2.75 per cent and interest rate guarantees in the Bank Perkreditan Rakyat (BPR) for 10.25 persen. Trend expected interest rate cuts are on the lowest range. Interest rate differentials guarantee for deposits in dollars in commercial banks and the BI Rate by 50 basis points is a range that is considered reasonable and should be maintained. The inflation rate is still consistent at relatively low levels even during August 2009 recorded an increase according to seasonal patterns. Mortgage interest rates in Indonesia are still fairly high (10-13 percent) when compared with other countries, like Singapore and Malaysia.

The rate of economic growth in 2010 expected to be higher than this year or 5 percent to reach 5.5 percent following the restoration of conditions of global economist.

Meanwhile, for the year 2009, prediction economy growth will grow by only 4 percent to 4.5 percent, with growth contributor was still dominated by local consumption and government. Exports are still not able to push performance expectations despite the growth began to improve.

Inflation began to feel the year predicted that 2010 could reach 6-7 per cent. This is higher than that estimated in 2009 reached only 4.5 percent. Rising inflation, caused by commodity prices began to rise.

Source: http://bisniskeuangan.kompas[dot]com