Friday, April 20, 2018

FW: RHB | Indonesia | BI Keeps Rate Stable Amid High Global Risks





Economic Research

20 April 2018



Economic Update




BI Keeps Rate Stable Amid High Global Risks


As expected, BI’s board of governors continued to keep the 7-day repo rate – the benchmark policy rate – unchanged on 19 Apr, even after the US Fed rate hike in March. This was for the seventh straight month after the central bank cut rates in Aug and Sep 2017. As major central banks are on tightening mode – and BI has front-loaded its interest rate cuts – we believe the central bank is likely to keep its key policy rate unchanged for the rest of 2018. Deposit facility and lending rates were also maintained at 3.5% and 5% respectively.



Rizki Fajar| +6221 2970 7065



To access our recent reports please click on the links below:

17 Apr: Exports And Imports Moderate In March

03 Apr: Inflation Picks Up In March

02 Apr: February M2 Edges Down, Loans Growth Picks Up

23 Mar: BI Continues To Pause In March

16 Mar: February Exports Pick Up While Imports Soften Slightly

1 Mar: Inflation Continues To Moderate In February


Economics Team

Arup Raha

Group Chief Economist

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam

+603 9280 2172

Ahmad Nazmi Idrus


+603 9280 2179

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184



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