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Indonesias april money supply m2 rises 149 pct yy


´╗┐JAKARTA, June 10 Indonesia's M2 money supply grew at a faster pace in April, up 14.9 percent from a year ago, Bank Indonesia data showed on Monday. In March, M2 increased 14.0 percent from a year earlier. Following is a table of the latest Indonesian money supply figures in trillions of rupiah, according to Bank Indonesia's website:

Apr 2012 Mar 2013 Apr 2013 M2 (broad money) 2,927.2 3,319.5 3,364.1 M1 (narrow money) 720.9 810.1 836.5 Rupiah demand deposits 430.1 478.9 507.9 Quasi money2,190.9 2,497.2 2,514.7 Annual inflation in Southeast Asia's biggest economy was 5.47 percent in April, slightly below the central bank target of 3.5-5.5 percent this year. Core inflation, which exclude volatile foods and administered prices, slowed to 3.99 percent on an annual basis in April on lower food prices and jewellery. Inflation at end of the year may hit as high as 7.76 percent if the government hikes fuel prices by 33 percent in average to lower the current account deficit.

Leading us business group opposed to new money fund rules


´╗┐Dec 12 The U.S. Chamber of Commerce, which represents thousands of large and small businesses, told regulators it is opposed to additional reform of money market mutual funds, a significant source of funding for many of its members. Joined by representatives of local governments and non-profit groups, the trade group said in a letter on Wednesday that changes being considered by the Financial Stability Oversight Council would damage the economy."The regulatory changes being considered will have a significant and adverse impact on the vitality of the organizations that we represent - American businesses, State and local governments, and nonprofits - that rely on (money market mutual funds) as a secure, efficient means to provide short-term funding for business expansion, daily operations, and critical infrastructure maintenance and expansion," the letter said.

The chamber has long been opposed to proposals that would require money funds to set aside capital against possible losses or switch from a fixed $1 per share price to a floating price. The FSOC, headed by U.S. Treasury Secretary Timothy Geithner, is considering such changes after a similar effort by the Securities and Exchange Commission collapsed in August.

Regulators say additional safeguards are needed to prevent a destabilizing, panic-driven run of withdrawals from the funds in times of turmoil, as happened during the recent financial crisis.

Major money fund managers such as BlackRock, Federated Investors and Charles Schwab have also largely opposed the regulators' proposals but recently have sought to find a compromise solution.