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Search resuls for: "Indonesia Central Bank"


5 mentions found


Morning Bid: Markets in a holiday mood
  + stars: | 2023-11-22 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid Acquire Licensing RightsNov 23 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop. Japanese markets were also set to be closed for a national holiday on Thursday. While speculation that the Bank of Japan could exit from negative interest rates early next year stands to help stabilize the yen, the Japanese currency still faces strong headwinds. Trading volumes were set to be subdued for the rest of the week with markets in the U.S. closed on Thursday.
Persons: Brendan McDermid, Lewis Krauskopf, Josie Kao Organizations: New York Stock Exchange, REUTERS, Nasdaq, Federal, Nvidia, Amazon, Microsoft, Nikkei, Reuters, Bank of Japan, Singapore CPI, Indonesia Central Bank, Thomson Locations: Santa Claus, New York City, U.S, Lewis, Asia, China, Beijing, Singapore
REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsSept 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. For Asian markets, one of the most significant consequences of the Fed's revisions is the dollar's rise, most notably against the yen. The dollar hit an 11-month high above 148 yen, which Japanese policymakers will be paying close attention to. In that light, it is worth noting that Japan's intervention on Sept. 22 last year was a day after the FOMC decision and revised forecasts. Here are key developments that could provide more direction to markets on Thursday:- Indonesia central bank meeting- Philippines central bank meeting- Bank of England policy decisionBy Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Jerome Powell, Evelyn Hockstein, Jamie McGeever, BoE, Goldman Sachs, Josie Kao Organizations: Federal, Federal Reserve, REUTERS, Asia, Bank of England, Deutsche, Nomura, Treasury, The Bank of Japan, Bank of, Thomson, Reuters Locations: Washington , U.S, Asia, Indonesia, Philippines, Taiwan, U.S, Pacific, New Zealand, Hong Kong
Indonesia central bank raises key policy rate by 25 bps
  + stars: | 2022-12-22 | by ( ) www.reuters.com   time to read: 1 min
JAKARTA, Dec 22 (Reuters) - Indonesia's central bank raised its key policy rate on Thursday, its fifth rate hike since August and widely expected by markets, as it aims to bring inflation back within target next year. Bank Indonesia (BI) hiked the benchmark 7-day reverse repurchase rate (IDCBRR=ECI) by 25 basis points (bps) to 5.50%, as expected by the majority of economists polled by Reuters. It also raised its deposit facility (IDCBID=ECI) and lending facility (IDCBIL=ECI) rates by the same amount to 4.75% and 6.25%, respectively. Reporting by Gayatri Suroyo, Fransiska Nangoy and Bernadette Christina Munthe; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Slideshow ( 4 images )JAKARTA (Reuters) - Indonesia’s central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain pro-stability and that energy subsidies next year will allow Bank Indonesia (BI) to raise interest rates in a measured way. Warjiyo said inflation expectations remain high and reiterated that BI will steer core inflation toward its target range of 2%-4% in the first half of 2023. In 2024, he expected inflation to be within a range of 1.5%-3.5%. Warjiyo said other central bank tools will be geared toward maintaining economic growth, which is seen between 4.5%-5.3% next year and between 4.7%-5.5% in 2024. (This story has been corrected to fix core inflation target to 2-4%, not 2-3%, in paragraph 3)
Morning Bid: Keep your hiking boots on
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +3 min
The U.S. central bank on Wednesday raised rates by 75 basis points for a third straight meeting as it is bent on taming the steepest surge in inflation in 40 years. Register now for FREE unlimited access to Reuters.com RegisterInstead, it was what comes next that appeared to seize the market's attention. New Fed projections show its policy rate topping out at 4.60% in 2023. Policymakers see the need to lift the policy rate to a "restrictive level" and "keep it there for some time," Powell added. What's more, investors on Thursday will have other central bank actions to contend with, including in Japan, England and Switzerland.
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