Bank Indonesia Tightens Again
September 27, 2018
Amid continuing domestic demand-led growth, a greater-than-desired current account deficit, and and external environment that puts many emerging market currencies and the financial markets at some risks, Bank Indonesia’s Board of Governors sanctioned a fifth hike of the seven-day reverse repo rate from its past six meetings. The rate, which now becomes 5.75%, has now been raised a total of 150 basis points since mid-May. A statement was released explaining the Board’s latest thinking and projecting “inflation within the target range of 3.5±1% in 2018.”
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Indonesia
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