Indonesia: No changes to the interest rate by the BI this week – UOB
Bank Indonesia (BI) should keep the monetary policy unchanged at its meeting later this week, while it could raise rates in the second half of the year, commented Lee Sue Ann, Economist at UOB Group.
Key Quotes
“Since inflation is still below the 2%-4% of BI’s target range, the central bank will have the policy space to remain accommodative to support the economic recovery.”
“We keep our BI rate forecast to stay at current level of 3.50% in the near term and to start hiking its benchmark interest rates in the latter half of 2022.”
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.