Bank Indonesia to hold rates in June but start hiking next quarter

ቁምስናዎችን አገር፣ አድራሻ ማስተዋወቅ፣ እንዲሁም ቆሞሳት የሚገኙበትን አድራሻ መግለጽ የሚቻልበት መድረክ ነው። /ፎቶዎች፣ የድረ ገጽ፣ ማኅበራዊ ትስስር ገጾች..../
User avatar
ጽሑፎች/Posts: 28
Joined: May 3rd, 2022, 1:30 pm

June 21st, 2022, 12:49 pm

Bank Indonesia to hold rates in June but start hiking next quarter


Bank Indonesia will leave its key interest rate steady at 3.5 per cent on Thursday (Jun 23) but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the US Federal Reserve tightens aggressively.

เว็บเกมสล็อต Enjoy over 500 real-money games for free all day. Use it on mobile anywhere, a good web that plays rich.

Indonesia's central bank is one of a few major Asian central banks that has not raised rates from a pandemic record low since inflation has held within its target range of 2 to 4 per cent.

But a 75-basis-point Fed rate rise last week and the prospect of more aggressive moves in the coming months sent the rupiah tumbling by 2 per cent, its worst weekly performance in nearly three years.

Still, 23 of 32 economists in the latest poll taken Jun 13-20 predicted the central bank will keep its benchmark seven-day reverse repurchase rate at a record low of 3.5 per cent at its Jun 22-23 meeting.

"Bank Indonesia's policy dashboard is likely to broaden from being focused on domestic growth and inflation, to include financial stability and outflow risks, paving the way for a start to the hiking cycle from July," said Radhika Rao, senior economist at DBS Bank.

Still, a significant minority, nine of 32, expect BI to join other Asian peers and hike rates by 25 basis points to 3.75 per cent.

"Unless the current pressure on the IDR abates in the lead-up to BI's meeting, the more prudent move is a rate hike, or at least clear signals that a rate lift-off is near," said Krystal Tan, economist at ANZ, who forecasts a 25 basis point rise.
ጽሑፎች/Posts: 1
Joined: July 25th, 2022, 1:30 pm

July 26th, 2022, 4:00 am แจก เครดิตฟรีให้สำหรับสมาชิก ฝาก 100 รับ 300 ถอนไม่อั้น 2022 ทั้งสมาชิก และ สมาชิกใหม่ เลือกได้ตามชอบ
መልስ ይጻፉ/Post Reply