BENGALURU : Bank Indonesia will hold its key interest rate at 5.75 per cent on Thursday and for the rest of this year, suggesting its longest tightening cycle on record is almost certainly over despite inflation remaining high, a Reuters poll of economists forecast.After six consecutive hikes since August
BENGALURU : Bank Indonesia will hold its key interest rate at 5.75 per cent on Thursday and for the rest of this year, suggesting its longest tightening cycle on record is almost certainly over despite inflation remaining high, a Reuters poll of economists forecast.
BI Governor Perry Warjiyo said core inflation, which is stripped of volatile components, was easing faster than anticipated after peaking in December so there was no need for more hikes. He said the Bank aimed to get headline inflation within the target band by end-2023. "BI recently declared victory over inflation with Governor Perry Warjiyo indicating that he need not hike rates any more this year," noted Nicholas Mapa, economist at ING.
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Bank Indonesia to hold rates steady at 5.75% through this yearBENGALURU : Bank Indonesia will hold its key interest rate at 5.75 per cent on Thursday and for the rest of this year, suggesting its longest tightening cycle on record is almost certainly over despite inflation remaining high, a Reuters poll of economists forecast.After six consecutive hikes since August
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