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Indonesia Set to Raise Rates to 6% Amid Rupiah Slide
Summary by Bne IntelliNews
5 Articles
5 Articles
Indonesia set to raise rates to 6% amid rupiah slide
Credit: Aini Rahmadini - UnsplashThe shift in expectations follows mounting pressure on the rupiah, which had weakened to around IDR18,043 per dollar by October 19. The yield on Indonesia's 10-year government bonds climbed to about 7.43% over the same period.
·Berlin, Germany
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BI was asked to immediately respond to interest rate increases made by global central banks such as the Fed, ECB, and BoJ.
Central Bank of Indonesia is pressured to raise interest this Wednesday after MSCI alert that dropped shares and rupee, according to CNBC
The latest probabilistic model estimates show a 63.11% chance of an interest rate hike, compared to a 5.75% probability of maintaining it.
Coverage Details
Total News Sources5
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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