Economist Enrico Tanuwidjaja and Haris Handy at UOB Group give their opinion on the latest meeting of the Bank Indonesia (BI). Key Quotes “Indonesia’s central bank left its benchmark rate unchanged at 4.00% at its August 2020 monetary policy meeting (MPC), which is in line with consensus forecast. Consequently, Bank Indonesia (BI) maintained the Deposit Facility rate at 3.25%, as well as the Lending Facility rate at 4.75%.” “BI macroprudential policy stance will remain accommodative, in line with the previous policy mix as well as the national policy aimed at mitigating the risk in the financial sector due to the COVID-19 outbreak.” “We had expected a stand-pat decision from BI and are keeping our forecast of 25bps cut in Q4 2020, bringing the 7-day reverse repo rate to a lower level at 3.75%. There is still a room for rate cut as growth risks mount. Last week, the government revised down its 2020 economic growth forecast to a range of -1.1% to 0.2%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB Meeting Accounts: Recent positive developments not fully backed by economic data FX Street 2 years Economist Enrico Tanuwidjaja and Haris Handy at UOB Group give their opinion on the latest meeting of the Bank Indonesia (BI). Key Quotes “Indonesia’s central bank left its benchmark rate unchanged at 4.00% at its August 2020 monetary policy meeting (MPC), which is in line with consensus forecast. Consequently, Bank Indonesia (BI) maintained the Deposit Facility rate at 3.25%, as well as the Lending Facility rate at 4.75%.” “BI macroprudential policy stance will remain accommodative, in line with the previous policy mix as well as the national policy aimed at mitigating the risk in the financial sector due to the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
