Indonesia's cbank expects GDP growth at 6.4 pct in Q1
JAKARTA |
JAKARTA Feb 4 (Reuters) - Indonesia's central bank said on Friday that it was confident GDP growth in the first quarter of 2011 would be 6.4 percent and it would continue to check inflation in coming months.
The central bank, which raised its benchmark overnight interest rate by 25 bps to 6.75 percent on Friday, said it would also intervene to strengthen the rupiah in another effort to reduce inflationary pressures. (Reporting by Aditya Suharmoko and Adriana Nina Kusuma; Editing by David Fox)
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