At its September monetary policy meeting held on Thursday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.0%, as widely expected. Governor Warjiyo said that the early indicators in August show signs of global economic recovery. Additional comments Some geopolitical tensions have affected global capital markets, including Indonesian currency. Domestic household consumption seen limited improvement. Domestic econ recovery prospect will be affected by people’s mobility, govt spending. Maintains forecast 2020 current account deficit to below 1.5% of GDP. Rupiah exchange rate is fundamentally undervalued, have room to strengthen. 2020 and 2021 inflation YOY to remain within 2%-4% target range. Banking liquidity is more than enough to support economy. Has injected 662.1 trillion rupiah into banking system. Banking loan growth remain weak. Bi to continue accommodative macroprudential stance. Interest rate decision taken to maintain rupiah stability. 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 USD/CNH: Further downside remains on the cards – UOB FX Street 1 year At its September monetary policy meeting held on Thursday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.0%, as widely expected. Governor Warjiyo said that the early indicators in August show signs of global economic recovery. Additional comments Some geopolitical tensions have affected global capital markets, including Indonesian currency. Domestic household consumption seen limited improvement. Domestic econ recovery prospect will be affected by people's mobility, govt spending. Maintains forecast 2020 current account deficit to below 1.5% of GDP. Rupiah exchange rate is fundamentally undervalued, have room to strengthen. 2020 and 2021 inflation YOY to remain within 2%-4% target range.… Top 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.
