Bank Indonesia to hold rates until Q2, elections unlikely to sway monetary policy [Reuters]
PT BANK CENTRAL UNSP/ADR (PBCRY)
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Source: Reuters
outlook for the currency, according to a Reuters poll of economists who predicted the first rate cut to come next quarter. Indonesia's inflation rate has stayed within the central bank's 1.5%-3.5% target range since July, suggesting cumulative rate hikes of 250 basis points were working. Ad Break Coming Up NEXT Stay Next Off English 180p 288p 360p 480p 540p 576p 720p HD 1080p HD Auto (180p) About Connatix V430988 About Connatix V430988 Skip Ad Continue watching after the ad Visit Advertiser website GO TO PAGE The rupiah , although down 1.4% against the dollar this year has performed better than many of its peers. With inflation under control, the central bank has room to leave its policy unchanged in the near-term. All 30 economists in the Feb. 12-16 poll expected Bank Indonesia (BI) to hold its benchmark seven-day reverse repurchase rate (IDCBRR=ECI) , opens new tab at 6.00% on Wednesday. Median forecasts showed interest r
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News
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- Controversial ex-general Prabowo Subianto is likely Indonesia's next president. Here's what that means for Southeast Asia's largest democracy [Fortune]Fortune