Bank Indonesia indicates that no additional interest rate increases are imminent.

Quick Summary:

Indonesia’s central bank held interest rates unchanged yesterday, as expected, with governor Perry Warjiyo reiterating that the current benchmark level is likely enough to keep inflation in check and the rupiah currency stable.

However, the currency remains vulnerable to changes in global risk sentiment related to the outlook for US monetary policy and global conflicts.

Warjiyo said the rupiah is expected to stabilise with a tendency to strengthen, as Indonesian assets offer attractive returns to investors.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: /Business/Business News IndonesiaRates IndonesianEconomy. RateCut RupiahStable FedPolicy Economy CapitalOutflows

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 00:00:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21060331

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