The central bank of Indonesia may raise interest rates before the Fed does


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, 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.

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