Indonesia economy in the spotlight

Posted on June 12, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Indonesia’s central bank meets on Thursday, its first since the start of the presidential election campaign.

An interest rate move is not expected, but the spotlight is on the outlook for South East Asia’s biggest economy – which is key to the government’s political fortunes.

In the first three months of the year, growth was its slowest since 2009, mainly due to a ban on mineral exports and successive rate rises.

Arjuna Mahendran is an Asia specialist and the Chief Investment officer at Emirates National Bank of Dubai. He explains why it’s unlikely the central bank will raise rates.

Source: http://www.bbc.com/news/business-27807043