KONTAN.CO.ID - JAKARTA. Indonesia's current account deficit narrowed in the third quarter as demand for exports recovered, the central bank said on Tuesday, with most economists expecting the central bank to leave interest rates unchanged this week as external balances improved. The Southeast Asia's largest economy posted a $0.9 billion deficit in the third quarter, equivalent to 0.2% of gross domestic product, showing a marked improvement from the second quarter, when Indonesia registered its first quarterly deficit in two years. Bank Indonesia's revised data for the second quarter deficit at $2.2 billion, equivalent to 0.6% of GDP, Bank Indonesia's revised data showed.
Indonesia Posts Smaller Current Account Deficit in Q3 as Export Demand Picks Up
KONTAN.CO.ID - JAKARTA. Indonesia's current account deficit narrowed in the third quarter as demand for exports recovered, the central bank said on Tuesday, with most economists expecting the central bank to leave interest rates unchanged this week as external balances improved. The Southeast Asia's largest economy posted a $0.9 billion deficit in the third quarter, equivalent to 0.2% of gross domestic product, showing a marked improvement from the second quarter, when Indonesia registered its first quarterly deficit in two years. Bank Indonesia's revised data for the second quarter deficit at $2.2 billion, equivalent to 0.6% of GDP, Bank Indonesia's revised data showed.