JAKARTA. Rupiah collapsed from its strongest level in seven years after the central bank maintains key interest rate. Meanwhile, the benchmark bond prices also fell.
Today, Bank Indonesia (BI) decided to keep interest rates at 6.75% level. This decision was based on prediction of analysts surveyed by Bloomberg. This occurs as a slowing of inflation in March to 6.65%, compared to inflation at 6.84% in February. Meanwhile, core inflai accelerated to 4.45%, from 4.36% previously.
Dollars in the spot market fell 0.1% to a level of Rp 8663 per U.S. dollar, until around 19:04 pm. Yesterday, this Garuda currency touched USD 8653 per U.S. dollar, the strongest level since April 2004.
Prakriti Sofat, an economist at Barclays Capital said, interest rate decision has been previously estimated as the slowdown in inflation in March. However, core inflation nevertheless continues to rise, and it makes investors remain worried. "We expect there to Rev again twice this year, namely in June and another in the third quarter of this year," he said.
Meanwhile, central bank governor Nasution said today, calling the currency appreciation will continue in this year. But, the central bank wanted to keep the rupiahs appreciation is not too fast.
"My guess is likely to be closer to the lower level for the dollar against the rupiahs,"said Sofat.
Meanwhile, the price of the 10-year government bonds collapsed. Bond yields ended in July 2021 rose 3 basis points to 7.73%.
Today, Bank Indonesia (BI) decided to keep interest rates at 6.75% level. This decision was based on prediction of analysts surveyed by Bloomberg. This occurs as a slowing of inflation in March to 6.65%, compared to inflation at 6.84% in February. Meanwhile, core inflai accelerated to 4.45%, from 4.36% previously.
Dollars in the spot market fell 0.1% to a level of Rp 8663 per U.S. dollar, until around 19:04 pm. Yesterday, this Garuda currency touched USD 8653 per U.S. dollar, the strongest level since April 2004.
Prakriti Sofat, an economist at Barclays Capital said, interest rate decision has been previously estimated as the slowdown in inflation in March. However, core inflation nevertheless continues to rise, and it makes investors remain worried. "We expect there to Rev again twice this year, namely in June and another in the third quarter of this year," he said.
Meanwhile, central bank governor Nasution said today, calling the currency appreciation will continue in this year. But, the central bank wanted to keep the rupiahs appreciation is not too fast.
"My guess is likely to be closer to the lower level for the dollar against the rupiahs,"said Sofat.
Meanwhile, the price of the 10-year government bonds collapsed. Bond yields ended in July 2021 rose 3 basis points to 7.73%.
No comments:
Post a Comment