Indonesia: BI to keep the policy unchanged – TDS

According to analysts at TD Securities after the Bank Indonesia left policy rates unchanged at its April meeting, they are expecting the same this month.

Key Quotes

“We had thought that BI would open the door to a rate cut as early as May but there was no such forward guidance at the last meeting. Given the deterioration in global risk appetite and weakening in IDR since then we think BI will remain on hold.”

“Inflation remains low, but did surprise on the upside in April, while core CPI ticked higher, providing another reason to stay on hold.”

Articles You May Like

Simple Narrow Range Forex Trading Strategy ⛏️
Fed’s Evans: U.S. economy is doing well, fundamentals are good
My Naked Forex Scalping 2019
Modal Free $100 US DOLLAR Untuk Mula Trading Forex – Moshed Tutorial
EURUSD trading near unchanged on the day, but trying to base against a floor

Leave a Reply

Your email address will not be published. Required fields are marked *