Bank Indonesia to hold rates at 6.25% on July 17, wait for US Fed to cut: Reuters poll

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BENGALURU : Bank Indonesia (BI) will keep its key interest rate at 6.25 per cent on Wednesday but will cut it by 25 basis points next quarter, earlier than previously expected following the likely start of policy easing by the U.S.

Federal Reserve in September, a Reuters poll found.

Bank Indonesia to hold rates at 6.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaIndonesia

Topics: Currency Hold Rate Stability Indonesia July Quarter Cent Bank Rates Expected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 09:41:05 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21618265

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