17 Aug 2015
Bank of Indonesia to keep policy unchanged – TDS
FXStreet (Edinburgh) - In the opinion of strategists at TD Securities, market consensus sees the central bank leaving its monetary policy stance unchanged at tomorrow’s meeting.
Key Quotes
“Bank Indonesia will also announce interest rates tomorrow”.
“The market expectation is adamant with a hold across the board”.
“We agree with this view, but continue to see rate hikes in store for later this year (as we do for Turkey)”.
“The variable to track is not even inflation anymore, but the rupiah performance that continues to drive onshore funding concerns, and that also has obvious inflationary implications”.
Key Quotes
“Bank Indonesia will also announce interest rates tomorrow”.
“The market expectation is adamant with a hold across the board”.
“We agree with this view, but continue to see rate hikes in store for later this year (as we do for Turkey)”.
“The variable to track is not even inflation anymore, but the rupiah performance that continues to drive onshore funding concerns, and that also has obvious inflationary implications”.