• USD/IDR: BI will only dial-up its concern over the Rupiah if it tracks above the 15,200 level – TDS

Noticias del mercado

24 julio 2023

USD/IDR: BI will only dial-up its concern over the Rupiah if it tracks above the 15,200 level – TDS

USD/IDR appears to be consolidating around the 15,000 level. Economists at TD Securities analyze Rupiah outlook ahead of Bank Indonesia meeting.

BI to keep its 7-day reverse repo rate at 5.75%

We expect BI to keep its 7-day reverse repo rate at 5.75%, prolonging the pause since February. 

We don't expect any rate cuts in the near term as any premature cut may weigh on IDR, especially after the deterioration in trade balance recently. 

We think BI will only dial-up its concern over the currency if it tracks above the 15,200 level. 

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: