Economic Research | 20 April 2018 | |||
Indonesia | ||||
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. Economist: 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 | Singapore | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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