KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects the rupiah to strengthen next year and trade on average at a range of 14,600 to 15,100 per U.S. dollar, against an outlook for an average exchange rate of 14,800 to 15,200 this year, its governor said on Tuesday. Perry Warjiyo also told a hearing with parliament's budget committee that 2024 economic growth would accelerate to a range of 4.7% to 5.5%, from a 2023 forecast of 4.5% to 5.3%. Warjiyo also reiterated that inflation next year would be within Bank Indonesia's (BI) new target range of 1.5% to 3.5%. The target range for this year is 2% to 4%.
Indonesia Central Bank Sees Rupiah Strengthening in 2024
KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects the rupiah to strengthen next year and trade on average at a range of 14,600 to 15,100 per U.S. dollar, against an outlook for an average exchange rate of 14,800 to 15,200 this year, its governor said on Tuesday. Perry Warjiyo also told a hearing with parliament's budget committee that 2024 economic growth would accelerate to a range of 4.7% to 5.5%, from a 2023 forecast of 4.5% to 5.3%. Warjiyo also reiterated that inflation next year would be within Bank Indonesia's (BI) new target range of 1.5% to 3.5%. The target range for this year is 2% to 4%.