Indonesia cbank: still room for further rate cuts

JAKARTA |
Thu Feb 9, 2012 10:38pm EST

JAKARTA Feb 10 (Reuters) – Indonesia central bank
deputy governor Hartadi A. Sarwono said on Friday there was
still room for further rate cuts because of excess liquidity,
after the bank unexpectedly cut its policy rate on Thursday.

Bank Indonesia cut the benchmark rate by 25 basis points to
a record low 5.75 percent to ensure growth in Southeast Asia’s
largest economy would keep steaming along, though it prompted
market worries that inflation could rear up.

(Reporting by Adriana Nina Kusuma; Editing by Neil Chatterjee)

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