Indonesia’s central bank, Bank Indonesia (BI), maintained its 7-day reverse repo rate at 3.75% at its January monetary policy meeting held on Thursday. Governor Warjiyo said that the interest rate decision consistent with a low inflation outlook, external stability and effort to support the economy. Additional comments Economic activity will continue to improve in 2021. Indicators till dec below expectation, but still improving. Maintains 2021 GDP outlook at +4.8% to +5.8%. 2020 current account deficit estimate at 0.5% of GDP. Keeps 2021 current account deficit estimate at 1% to 2% of GDP. Rupiah still undervalued, has room to strengthen. 2021 inflation YoY seen within 2%-4% target range. Central bank to continue accommodative macroprudential policy to stimulate lending. To strengthen JISDOR to make it a reference for foreign exchange. To promote transparency in banking interest rates. All instruments directed at supporting economic recovery. more to come … 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 Here is how to use perpetual’s funding rates to sell the top and buy the dip FX Street 2 years Indonesia’s central bank, Bank Indonesia (BI), maintained its 7-day reverse repo rate at 3.75% at its January monetary policy meeting held on Thursday. Governor Warjiyo said that the interest rate decision consistent with a low inflation outlook, external stability and effort to support the economy. Additional comments Economic activity will continue to improve in 2021. Indicators till dec below expectation, but still improving. Maintains 2021 GDP outlook at +4.8% to +5.8%. 2020 current account deficit estimate at 0.5% of GDP. Keeps 2021 current account deficit estimate at 1% to 2% of GDP. Rupiah still undervalued, has room to strengthen. 2021 inflation YoY seen within 2%-4%… 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.
