The head of Indonesia’s Central Bank, Perry Vargiya, speaking at a seminar organized by the Golkar party, expressed an opinion that interest rates in the country had to be raised before the US Federal Reserve System does, finversia.ru writes. Thus, it is likely that the Indonesian Central Bank will raise interest rates again until mid-December, without waiting for the Fed to take a similar step to reduce capital outflows. The Fed raised the rate last week for the third time this year and plans to raise it again in December and then 3 times next year and once in 2020. The rate of the Bank of Indonesia has been raised 5 times since mid-May 2018.
NCoV may bring risks to global economy’s frail recovery: IMF19.02.2020
Thailand GDP growth lower than forecast, says central bank19.02.2020
New York Fed: U.S. shoppers suspect spending growth slowdown17.02.2020
Indonesia posts larger than expected trade deficit as declining export prices affects trade