Rupiah Opens Despite Bank Indonesia Interest Rates Gradually

By : Wiyanto Dan Aldo Bella Putra | Friday, July 20 2018 - 15:00 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta - In the estimate the rupiah will move in the range 14.475-14.462. The existence of Bank Indonesia releases that maintain interest rates despite positive for macroeconomic conditions.

According to Reza Priyambada, Capital Market analysts, where macroprudential easing could improve intermediation and flexibility of liquidity management and banking intermediation for economic growth but, it seems not fully responded positively by the Rupiah, which is more affected by the impact of USD movement.

"With the condition of USD is still moving positive it will be unfortunate that the movement of Rupiah is still likely to weaken," he said.

According to him, the movement of the rupiah is still weakening as the impact of the USD hike that still responds to Powell's speech will be his optimism on stable US economic growth although on the other hand he did not convey in detail the monetary policy of the Fed in the future.

Domestically, he said, the detention of Bank Indonesia interest rate at 5.25 percent does not seem to help the Rupiah to move stronger.

Bank Indonesia (BI) Governor Perry Warjiyo delivered the results of the Board of Governors Meeting (RDG) on 18-19 July 2018 which decided to keep the BI 7-Day Reverse Repo Rate at 5.25% with the Deposit Facility interest rate fixed at 4.50 %, and the Lending Facility rate remains at 6.00%

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