By Devayani Sathyan BENGALURU (Reuters) - Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% on Thursday and for the rest of the ...
By Devayani Sathyan BENGALURU - Bank Indonesia will keep its key interest rate unchanged at 5.75% on Thursday and for the rest of the year to maintain the stability of the rupiahBy Devayani Sathyan
Inflation, at 3.27% in August, has stayed below the central bank's 2-4% target range over the past few months, but rising U.S. Treasury yields and concerns over an economic slowdown in China have put pressure on the rupiah.All 31 economists in a Sept. 8-18 Reuters poll expected the central bank to maintain its benchmark seven-day reverse repurchase rate at 5.75% at the conclusion of its two-day policy meeting on Sept. 21.
"BI are trying to balance FX stability risks vis-a-vis domestic considerations, and at this point they would lean more towards FX stability especially because trade surpluses are narrowing." Among economists who had a long-term view, forecasts were largely unchanged from an August poll, and more than 60% - 18 of 28 - forecast BI to keep rates on hold at 5.75% until year-end.The median forecast showed a 25-basis-point rate cut to 5.50% in the first quarter of 2024.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
French central bank raises 2023 growth outlook, trims 2024 and 2025PARIS (Reuters) - France's economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central ...
Lire la suite »
French central bank raises 2023 growth outlook, trims 2024 and 2025Market News
Lire la suite »
Central banks: Fed expected to hike rates one more time in 2023Following the European Central Bank's record rate increase, strategists are watching the Fed's FOMC meeting and subsequent rate policy decision this week. Yahoo Finance's Ines Ferre outlines sentiments regarding the Fed's interest rate outlook and how other central banks around the globe could choose to follow suit.
Lire la suite »
Letters for Sept. 17, 2023: 'People don’t want minimum wagegovernment= green= handouts'= jobs=Calgary Sun letters to the editor for Sept. 17, 2023
Lire la suite »
Nearly half of Canadians targeted by fraud in first half of 2023: TransUnion surveyA recent survey conducted by TransUnion shows that about half of Canadians were targeted by fraud in the first half of 2023, with fraud attempts up 40 per cent from the previous year.
Lire la suite »
Wall Street Is Coming to Grips With How Wrong It’s Been in 2023(Bloomberg) -- Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseErdogan Says Turkey, EU May ‘Part Ways’ Aft
Lire la suite »