Market news
18.10.2023, 07:21

Indonesia: BI expected to keep rates on hold this week - UOB

Economist at UOB Group Lee Sue Ann sees the Bank Indonesia (BI) keeping its policy rate unchanged at this week's event.

Key Quotes

BI specifically mentioned that rupiah stabilization is a key focus now and just issued Bank Indonesia Rupiah Securities (SRBI) on 15 Sep. Strong appetite from market participants for SRBI is a good thing that potentially drives rupiah appreciation with additional capital inflows into Indonesia's financial system.

Presently, with more uncertainty and volatility in the global economic conditions and the financial markets, we therefore shift our expectation for BI to start delivering its first rate cut only at the beginning of the second half next year. 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location