Free Trial

Bank Indonesia May Keep Rates On Hold For A While

INDONESIA CENTRAL BANK

Bloomberg is running comments from Bank Indonesia Governor Perry Warjiyo, who says that the central bank is set to hold interest rates on hold for a while to protect the rupiah against the spillover from global market sell-offs, even as inflation is "very low".

  • Bank Indonesia will be data-dependent and will monitor the Fed's next moves as well as USD strength while deciding on its own policy moves.
  • The main objective of Bank Indonesia is currently maintaining rupiah stability, with persistent USD strength preventing the central bank from cutting rates.
  • Spot USD/IDR last trades -5 figs at 15,610 but the rupiah has been one of the worst performers in Asia over the past month.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.