Senior Deputy
Governor of Bank Indonesia (BI) Mirza Adityaswara said the current
account deficit estimated at around 2.6 percent of the country`s gross
domestic product (GDP) in 2014 would be tolerable for the market.
"Our target for current account deficit in 2014 is below 3 percent. We hope it would be between 2.5 percent and 2.7 percent. That, I think would be acceptable to the market," Mirza here on Friday.
Mirza said BI would focus more coping with the current account deficit to convince investors that the deficit is within control.
Surplus in foreign trade recorded in August 2013 showed that current account deficit could be phased out in the coming several months , he said.
"As we all see out trade balance has improved much. Hopefully it would be better still in the third and fourth quarters," he said.
He said the central bank would also focus on keeping inflation under control although the trend was already normal in September.
He also hoped that the rupiah would regain some of its lost value against the US dollar, although he said rupiah already reached a level suitable to economic fundamentals.
"Our target for current account deficit in 2014 is below 3 percent. We hope it would be between 2.5 percent and 2.7 percent. That, I think would be acceptable to the market," Mirza here on Friday.
Mirza said BI would focus more coping with the current account deficit to convince investors that the deficit is within control.
Surplus in foreign trade recorded in August 2013 showed that current account deficit could be phased out in the coming several months , he said.
"As we all see out trade balance has improved much. Hopefully it would be better still in the third and fourth quarters," he said.
He said the central bank would also focus on keeping inflation under control although the trend was already normal in September.
He also hoped that the rupiah would regain some of its lost value against the US dollar, although he said rupiah already reached a level suitable to economic fundamentals.
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