At its May monetary policy meeting held on Tuesday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.50%, contradicting expectations of a 25bps cut. The central bank maintained the status-quo for the third straight meeting to assess the impact of the coronavirus pandemic. Governor Warjiyo noted that the April data shows economic growth slowdown continues. Additional comments Cuts 2020 GFP growth forecast to be lower than earlier forecast. 2021 GDP growth seen rebounding. Q1 c/a deficit seen at smaller than 1.5% of GDP. Net portfolio inflow $4.1 bln between April to May 14. Current account deficit in 2020 seen smaller than 2% of GDP, vs previous forecast of 2.5%-3% of GDP. Rupiah exchange rate recently still undervalued. 2020 inflation Y/Y to remain within 2%-4% target range. Banking liquidity condition remains adequate. Liquidity injection so far at 583.5 trln rupiah. To continue ensuring banks have enough liquidity amid rising loan restructuring. 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/JPY: Investors Bought The Dip In March & April; What’s Next? – BofA Kenny Fisher 2 years At its May monetary policy meeting held on Tuesday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.50%, contradicting expectations of a 25bps cut. The central bank maintained the status-quo for the third straight meeting to assess the impact of the coronavirus pandemic. Governor Warjiyo noted that the April data shows economic growth slowdown continues. Additional comments Cuts 2020 GFP growth forecast to be lower than earlier forecast. 2021 GDP growth seen rebounding. Q1 c/a deficit seen at smaller than 1.5% of GDP. Net portfolio inflow $4.1 bln between April to May 14. Current account deficit in 2020 seen… 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.
