IndonesiaCentralBank

Monetary Policy Review for Uganda , Peru , Tajikistan and England for 9th and 14th October 2014

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Central Bank of Uganda Maintains Rate at 11% per annum as on 14th October 2014
Central Bank of Uganda Maintains Rate at 11% per annum as on 14th October 2014
Bank of England maintained its Bank Rate at 0.50% per annum as on 9th October 2014
Bank of England maintained its Bank Rate at 0.50% per annum as on 9th October 2014
The Central Reserve Bank of Peru maintains Monetary Policy Reference Rate as 3.50% as on 9th October 2014
The Central Reserve Bank of Peru maintains Monetary Policy Reference Rate as 3.50% as on 9th October 2014
The Central Bank of Tajikistan raised its Benchmark Refinancing Rate to 6.90%  as on 9th October 2014
The Central Bank of Tajikistan raised its Benchmark Refinancing Rate to 6.90% as on 9th October 2014

 

#MonetaryPolicyReview for #Uganda #Peru #Tajikistan and #England for 9th and 14th October 2014

The #CentralBankOfTajikistan raised its #Benchmark #RefinancingRate
by 100 basis points to 6.90% per annum on 9th October 2014
Data compiled and released by the Central Bank of Tajikistan

#BankOfEngland #BOE maintained its #BankRate at 0.5% per annum and
leaves asset purchase program at £375 billion as on 9th October 2014
Data compiled and released by Bank of England

#CentralReserveBankOfPeru maintained its MonetaryPolicyReferenceRate at 3.50 % as on 9th October 2014.
Data compiled and released by Central Reserve Bank of Peru.

#IndonesiaCentralBank maintains its Benchmark #BIRate at 7.5% per annum as on 7th October 2014.
Data compiled and released by Bank Indonesia

#CBR #BOU #Uganda #MonetaryPolicy #CRBP #Peru #MonetaryPolicyRate #PolicyRate
#MonetaryPolicy #NationalBankofTajikistan

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Monetary Policy Review for Indonesia and Poland as on 7th and 8th October 2014

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Central Bank of Poland cuts Monetary Policy Reference Rate to 2.0 % as on 8th October 2014
Central Bank of Poland cuts Monetary Policy Reference Rate to 2.0 % as on 8th October 2014
Bank of Indonesia maintains Benchmark BI Rate as on 7th October 2014
Bank of Indonesia maintains Benchmark BI Rate as on 7th October 2014

#MonetaryPolicyReview for #Indonesia and #Poland as on 7th and 8th October 2014

#IndonesiaCentralBank maintains its Benchmark #BIRate at 7.5% per annum as on 7th October 2014.
Data compiled and released by Bank Indonesia

The #CentralBankOfPoland cuts its #MonetaryPolicyReferenceRate by 50 #BasisPoints to 2.0% Per annum as on 8th October 2014.
Data compiled and released by Nardowy Bank Polski

#BI #BankIndonesia #BankSentralRepublikIndonesia
#MonetaryPolicy #NardowyBankPolski

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Monetary Policy Review for Bank Of Botswana and Indonesia Central Bank as on 14th and 15th August 2014.

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Indonesia's Central Bank Maintains its Benchmark BI Rate as on 14th August 2014
Indonesia’s Central Bank Maintains its Benchmark BI Rate as on 14th August 2014
Bank Of Botswana maintains Bank Rate as on 15th August 2014
Bank Of Botswana maintains Bank Rate as on 15th August 2014

Monetary Policy Review for #BankOfBotswana and #IndonesiaCentralBank as on 14th and 15th August 2014.

The Bank of Botswana maintains #BankRate at 7.5% per annum as on 15th August 2014.
Data compiled and released by Bank of Botswana

Indonesia Central Bank maintains its Benchmark #BIRate at 7.5% per annum as on 14th August 2014.
Data compiled and released by Bank Indonesia

#BI #BankIndonesia #Indonesia #BankSentralRepublikIndonesia #MonetaryPolicy
#Botswana

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Indonesia Central Bank holds Interest rate . . . . .in the 2nd week of December

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12th December 2013

Indonesia’s central bank held its benchmark BI rate steady at 7.50 percent but will remain “watchful of the planned tapering policy by the Federal Reserve and will bolster the ongoing policy response.”
    Bank Indonesia (BI), which has raised its rates five times this year by 175 basis points to curb inflation, also said its current stance was “consistent with ongoing efforts to bring inflation back towards the target corridor of 4.5+-1% in 2014 as well as to reduce the current account deficit to a more sustainable and sound level.”
    The bank said there was evidence that Indonesia’s balance of payments would improve further in the final quarter due to a narrower current account deficit and inflows of capital that continue to offset this deficit. Foreign exchange reserves at the end of November were US$ 97.0 billion, steady from October.
   In October Indonesia’s trade balance showed a surplus of US$42 million while the current account deficit narrowed slightly to $8.449 billion in the third quarter from the second quarter’s $9.954 billion.
    The current account deficit is one of the main reasons that Indonesia has been vulnerable to capital outflows and downward pressure on its rupiah as global investors prepare for higher growth in advanced economies, including the United States.

   “Looking forward, Bank Indonesia will continue to monitor a range of risks, including global economic uncertainty that could rapidly mushroom,” the bank said.

    Indonesia’s economic growth is expected to decelerate further in the final quarter of this year due to weaker investment, particularly in non-construction investment while slower consumption will be offset by additional spending ahead of next year’s general election.

    This year’s slowdown, which the BI said was “congruent” to its efforts to bring growth onto a more sustainable level, is expected be line with the bank’s forecast this year for growth of 5.5-5.9 percent.
    For 2014 BI revised down its growth forecast to the lower end of its 5.8-6.2 percent range. In 2012 Indonesia’s economy expanded by 6.2 percent.
    In the third quarter, Indonesia’s Gross Domestic Product grew by 2.96 percent from the second quarter for annual growth of 5.62 percent, down from 5.81 percent.

    Indonesia’s rupiah faced further pressure in November, sliding 5.7 percent to 11,963 against the U.S. dollar from the end of October to November. Since then it has continued to depreciate, trading at 12,036 to the dollar today, down 20 percent since the start of the year.”

    “Looking ahead, Bank Indonesia will continue to maintain rupiah exchange rate stability in line with its fundamentals, thereby supporting controlled economic consolidation,” the bank said.
   The bank also said it had deepened rupiah and foreign exchange markets through “mini
Master Repo agreements between a number of banks and broadened the scope of medium and long-term hedging swaps between these banks and the central bank, another in a series of initiatives to bolster trading in rupiah markets.
    Indonesia’s inflation rate stabilized at 8.37 percent in November from October’s 8.32 percent and BI projects 2013 inflation on average to remain below 8.5 percent – below the BI’s forecast from last month – and repeated that it expects this to drop to within the banks target corridor in 2014.
    In 2012, Indonesia’s inflation rate was 4.3 percent but a scrapping of fuel subsidies and the fall in the rupiah has accelerated the rate.

Indonesia holds rate, “watchful” of Fed tapering – Central Bank News.