At its April monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), decided to maintain its 7-day reverse repo rate at 6.00%, disappointing expectations of a rate cut. With Indonesian President Joko Widodo making a renewed effort to boost economic growth as he prepares for a second term in office, markets had priced-in the central bank to cut rates in its attempt to spur growth. Meanwhile, the Indonesian Central Bank Governor Perry Warjiyo told reporters on Tuesday that the policies will be maintained towards controlling the country’s widening current account deficit and keeping its financial assets attractive for investors. On the status-quo decision by the Indonesian central bank, the Indonesian Rupiah (IDR) remained little affected against its American counterpart, with the USD/IDR cross maintaining its upside consolidative mode near 14,150 levels. The technical set up remains in the favor of the bulls, should the spot close above the channel hurdle of 14,145, as explained by FXStreet’s Analyst, Omkar Godbole. USD/IDR Technical Levels 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 Riksbank: Unchanged repo rate, lower path and less bond buying – Nordea Markets FX Street 4 years At its April monetary policy meeting on Thursday, Indonesia's central bank, Bank Indonesia (BI), decided to maintain its 7-day reverse repo rate at 6.00%, disappointing expectations of a rate cut. With Indonesian President Joko Widodo making a renewed effort to boost economic growth as he prepares for a second term in office, markets had priced-in the central bank to cut rates in its attempt to spur growth. Meanwhile, the Indonesian Central Bank Governor Perry Warjiyo told reporters on Tuesday that the policies will be maintained towards controlling the country's widening current account deficit and keeping its financial assets attractive for… 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.
