Reuters reports the latest comments from the Bank Indonesia (BI), Indonesia's central bank, Deputy Governor, with the key headlines noted below.
Expects current account deficit to continue narrow in Q4, full-year current account deficit seen at 2.5%-3% of GDP.
Sees exports, GDP growth to improve in Q4.
Sees 2020 GDP growth at around 5.3%.
Reiterates bank Indonesia will continue to push for growth, while maintaining financial sector stability.
Earlier today, Southeast Asia's largest economy reported a $7.7 billion current account deficit in the July-September period, amounting to 2.7% of GDP, from a revised 2.9% gap in the previous quarter. Meanwhile, Indonesia’s q3 2019 balance of payments at $-0.05 bln vs. -$2 bln in Q2, per the central bank statistics.
The USD/IDR pair is back above the 14k handle on dismal trade figures, trading near 14,020 levels so far this Friday.
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.