A slim majority of analysts polled by Reuters expect Indonesia's central ba...
JAKARTA - A slim majority of analysts polled by Reuters expect Indonesia’s central bank to resume its easing cycle at its policy meeting this week to provide a cushion for the expected economic impact from the coronavirus outbreak.
A cut this week will be the fifth since BI began a monetary loosening cycle in May. BI’s total of 100 bps rate reduction and lending rules relaxation in 2019 were intended to support Southeast Asia’s largest economy amid a global economic slowdown. “The upcoming slowdown would need pre-emptive fiscal and monetary policy responses,” said Sambijantoro, one of the economists who predicted BI would cut rates.
Advocates for leaving rates unchanged believe uncertainties caused by the coronavirus were a reason not to cut rates.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Japan manufacturers remain pessimistic as coronavirus fears growWorries about the spread of the coronavirus and its hit to the global economy ke...
Les mer »
China central bank cuts one-year MLF rate by 10 basis points to support virus-hit economyChina's central bank cut the interest rate on its medium term loans on Mond...
Les mer »
The coronavirus could cripple China's economy for longer than Wall Street wants to believe - Business InsiderChina's economy can't snap back from the coronavirus as fast as it did after SARS because it's growing more slowly and the banking system is a mess.
Les mer »
China is disinfecting and destroying cash to contain the coronavirusAs the novel coronavirus outbreak continues to batter China, the country's central bank has implemented a new strategy to contain the virus -- deep cleaning and destroying potentially infected cash.
Les mer »
10 things in tech you need to know todayZuckerberg thinks ahead. Coronavirus hits Switch. Tesla hit by German lawmakers.
Les mer »
ECB negative rates not harmful, but inflation rise to stay elusive: Reuters pollThe European Central Bank's negative interest rate policy is not harming th...
Les mer »