Latest news with #BI-Rate
The Star
22-05-2025
- Business
- The Star
Indonesia set for more rate cuts on growth view: Analysts
FILE PHOTO: Indonesia's Central Bank Governor Perry Warjiyo speaks during a press conference at Bank Indonesia's headquarters in Jakarta, Indonesia, January 15, 2025. REUTERS/Willy Kurniawan/File Photo JAKARTA: An improving market sentiment will pave the way for Indonesia's central bank to better balance its pro-growth stance with ensuring stability in the financial markets, according to analysts. Bank Indonesia will not hesitate to stabilise the rupiah through intervention amid economic uncertainty, Governor Perry Warjiyo (pic) said after reducing the BI-Rate by 25 basis points on Wednesday. The central bank also lowered its 2025 gross domestic product growth forecast to a range of 4.6% to 5.4%. There's room for the central bank to further ease policy as the rupiah regains footing amid a weaker dollar, cooling trade tensions and waning fiscal concerns. Foreign flows are also returning to local stocks and bonds. "BI could cut the policy rate by another 75 basis points this year as the rupiah stabilises,' though a potential delay in Federal Reserve fund rate cut may slow Indonesia's pace of easing, Goldman Sachs Group Inc analysts Rina Jio and Danny Suwanapruti wrote in a note. - Bloomberg
Bloomberg
23-04-2025
- Business
- Bloomberg
Indonesia Holds Key Rate to Back Rupiah, Will Keep Intervening
Indonesia's central bank maintained its key interest rate, extending a pause in its easing cycle to stabilize the currency in the face of a worsening global trade war. Bank Indonesia left the benchmark BI-Rate unchanged at 5.75% on Wednesday, as predicted by 27 of 29 economists surveyed by Bloomberg. The remainder expected a quarter-point cut. It's the third month in a row that the central bank has held rates steady after a surprise reduction in January.
Bloomberg
22-04-2025
- Business
- Bloomberg
Indonesia Set to Hold Rate as Trump Tariff Talks Weigh on Rupiah
Indonesia's central bank is likely to hold its benchmark interest rate steady to stabilize a currency heavily weighed down by uncertainty over US tariffs and their impact on the domestic economy. Twenty-seven of 29 economists in a Bloomberg survey expect the BI-Rate to be kept at 5.75% on Wednesday, with two predicting a quarter-point cut. It would be a third straight rate pause since policymakers lowered borrowing costs in January, just before the start of Donald Trump's presidency.
Bloomberg
19-03-2025
- Business
- Bloomberg
Indonesia Holds Rate Steady to Back Rupiah Amid Market Jitters
Indonesia's central bank kept its key interest rate unchanged for a second straight month, acting to safeguard the rupiah in the face of rising capital outflows due to global trade turmoil and domestic policy risks. Bank Indonesia kept the BI-Rate at 5.75% on Wednesday as predicted by 27 of 38 economists in a Bloomberg News survey. The other 11 expected a quarter-point cut. The central bank also maintained its 2025 economic growth forecast at 4.7%-5.5% and kept its inflation target at 1.5%-3.5%.
Bloomberg
18-03-2025
- Business
- Bloomberg
Indonesia May Hold Rate as Stocks, Trade Turmoil Threaten Rupiah
Indonesia's central bank may hold its key interest rate unchanged to support the rupiah, opting for stability after the nation's veteran finance minister was forced to deny resignation rumors that sent stocks tumbling. Bank Indonesia is expected to hold the BI-Rate at 5.75% for a second straight meeting on Wednesday, according to 27 of 38 economists in a Bloomberg News survey. But 11 analysts forecast another quarter-point reduction to 5.5%.
