Economist Enrico Tanuwidjaja and Haris Handy of the UOB Group give their views on the most recent bank of Indonesia (BI) meeting.
“Indonesia’s central bank kept its benchmark rate unchanged at 4.00% at its Financial Policy Assembly (MPC) in August 2020, in line with consensus forecasts. As a result, the Bank of Indonesia (BI) kept the deposit facility rate at 3.25%, as the loan facility rate at 4.75%. »
“The IB’s macroprudential policy stance will be accommodative, in line with the combination of past policies and national policy to mitigate the threat in the monetary sector due to the COVID-19 epidemic.”
“We expected a standard BI resolution and maintained our forecast of a 25-point relief in the fourth quarter of 2020, bringing the base rate 7 days below 3.75%. It is still imaginable to cut rates as the threat of expansion increases Last week, the government revised its forecast for economic expansion for 2020 to -1.1% to 0.2%.
Demand for the dollar fell in the wake of lousy U.S. employment data, but the shared currency was unable to take advantage. It is very likely that the EUR/USD will fall below 1,1800.
The Australian controlled himself to the floor and lost to his American rival, heading towards the last trading day of the week at around 0.7200.
Gold values moved laterally on Thursday, rising around Wednesday’s final value at $1,940/ounce. The value reached a one-week low of $1,923, but temporarily returned to the existing diversity between $1,925 and $1,950.
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A look at the difference between halving the ups and downs of the cycle and halving the values results in massive BTC value targets that its author warns as ‘hopium’.
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