FXstreet.com (Barcelona) - Standard Chartered has cut the 2012 Indonesian current account forecast to a USD 16bn deficit (1.8% of GDP) from a USD 2bn surplus. "We expect Bank Indonesia to raise the FASBI rate by another 75bps in H2-2012 to slow credit growth, while maintaining a neutral cash and duration stance on IDR bonds, on a constructive demand-supply outlook."
Forex Flash: Bank of Indonesia to raise FASBI rate by another 75bps - Standard Chartered
Wed, Aug 15 2012, 04:01 GMT | FXstreet.com
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
