Bank Indonesia to hold rates this week as political shake-up hits rupiah: Reuters poll

Bank Indonesia to hold rates this week as political shake-up hits rupiah: Reuters poll

BENGALURU: Indonesia's central bank will pause its easing cycle on Wednesday (Sep 15) according to a Reuters poll of economists published a week after the removal of Finance Minister Sri Mulyani Indrawati rattled investor confidence and weakened the rupiah.Indrawati's sudden exit erased most of the rupiah's g

Rupiah treads water ahead of Bank Indonesia meeting

The post Rupiah treads water ahead of Bank Indonesia meeting appeared on BitcoinEthereumNews.com. The Indonesian Rupiah (IDR) is trading cautiously against the US dollar (USD) on Tuesday, with the USD/IDR pair up 0.2% on the day at around 16,400. As Bank Indonesia (BI) meets on Wednesday at 07:30 GMT, the consensus is almost unanimous, with analysts anticipating a status quo in the interest rate at 5% following two consecutive cuts in July and A…