Bank Indonesia is expected to keep its benchmark interest rate steady at a polic...
JAKARTA - Bank Indonesia is expected to keep its benchmark interest rate steady at a policy review on Thursday, but it may begin to follow other Asian central banks by cutting later this year, a Reuters poll showed.
The other three forecast a trim by 25 basis points , which would be the first rate cut since September, 2017. “Now, we believe the stars in the global economic atmosphere are aligned for a BI rate cut,” said Satria Sambijantoro, an economist with Bahana Sekuritas, who is among the minority predicting a cut this week.
Governor Perry Warjiyo in an interview with Reuters last month said that BI will take into consideration global market conditions and Indonesia’s external balance when “considering the room for monetary policy to be more accommodative”. Indonesian exports have plunged in recent months as global trade slowed and trade tensions between the United States and China escalated.
Indonesia Berita Terbaru, Indonesia Berita utama
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