JAKARTA, March 13 Indonesia's central bank
revised down its forecast for economic growth this year to
around 5.5-5.9 percent, on slowing domestic consumption and
investment, as well as sluggish exports.
The bank previously estimated the economy to expand at the
lower end of a 5.8-6.2 percent range.
On Thursday, Bank Indonesia (BI) kept its benchmark rate
unchanged at 7.50 percent a for fourth consecutive month.
The rate remained consistent with a 2014 inflation target at
3.5-5.5 percent, spokesman Tirta Segara said.
However, the bank would stay vigilant regarding inflationary
pressures from administered prices.
BI also sees that the country's current-account deficit
could be around 2.5 percent of gross domestic product.
(Reporting by Adriana Nina Kusuma and Nilufar Rizki; Writing by
Rieka Rahadiana; Editing by Jonathan Thatcher and Richard