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View all search resultsBank Indonesia (BI) has left its benchmark interest rate unchanged as the United States-Israel war on Iran puts pressure on the rupiah, prompting the central bank to respond with forex market intervention and tighter foreign exchange controls.
Australia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.
Indonesia must brace for a global liquidity storm of historic proportions. With the traditional "central bank put" now missing, the nation's survival depends on fortifying its economic ship before the waves of capital flight reach our shores.
Professionalism will continue in monetary policymaking, Bank Indonesia (BI) Governor Perry Warjiyo has promised, seeking to allay any concerns following Deputy Finance Minister Thomas “Tommy” Djiwandono’s nomination as a deputy BI governor.
The decision to push through a massive budget for the free nutritious meal program reflects misplaced priorities, as the program has yet to show clear benefits in its first year while other critical policies remain underfunded.
Bank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year.
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