Forecasts from six major banks, vigilant on external risk

Bank Indonesia (BI) will hold the monthly governor board meeting on 22-23 June. Here you can find the expectations as forecast by the economists and researchers of six major banks regarding the upcoming central bank’s decision. The BI is expected to hold its benchmark seven-day reverse repurchase rate unchanged at 3.50%, however, there is still … Read more

Rupiah jumps to three-week high near $14,500 after Indonesia inflation

USD/IDR takes offers to snap three-day uptrend, drops to the multi-day low. Indonesia Inflation eased in May, Core Inflation also dropped below forecasts. US dollar retreat, mixed sentiment enable sellers to take controls. USD/IDR stands on slippery ground near a three-week low even as Indonesia’s inflation softened in May. In doing so, the Indonesia rupiah … Read more