According to him, this increase beyond previous expectations despite a lot of pressurefrom the market. "It was beyond expectations, this decision dilemma," said contacted in Jakarta, Friday, February 4, 2011.
BI rate decision is inconsistent with the consistency of the BI is more focused on coreinflation. But the fact also makes sense because food inflation surged in the last two months. The increase in the BI Rate was seen as a way the central bank to dampeninflation expectations. "Although the actual monetary terms can still be controlled," saidDestri.
Destri also predicts a rise in interest rates due to market pressures. "The market can not be resisted," he said.
From the banking side, Destri assess the increase in the BI Rate will not directly affectmortgage interest because the new will happen the next 3-6 months. But the first bankwill raise deposit rates by 50 bps. "But it all depends on each bank," he said.
Previously, Senior Economist, Standard Chartered Bank, Fauzi Ichsan, argues, the increase in the BI Rate is required to give to the market expectations that the Bankhelped the government reduce inflation expectations. "Inflation expectations soar due torising food inflation," he said.
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