Indonesia: BI to keep the policy unchanged - TDS
|According to analysts at TD Securities after the Bank Indonesia left policy rates unchanged at its April meeting, they are expecting the same this month.
Key Quotes
“We had thought that BI would open the door to a rate cut as early as May but there was no such forward guidance at the last meeting. Given the deterioration in global risk appetite and weakening in IDR since then we think BI will remain on hold.”
“Inflation remains low, but did surprise on the upside in April, while core CPI ticked higher, providing another reason to stay on hold.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.