LPEM COMMENTARY BI BOARD OF GOVERNORS’ MEETING MARCH 2017

  • Dominated by the majority, if not all, of market participants that expect The Fed to increase the FFR by 25 basis points on March FOMC meeting, we maintain that Bank Indonesia should leave the policy rate unchanged at 4.75% in…
    16 Mar
    16 Mar
  • General Inflation in February 2017 is the first February’s inflation (incidence) after the last three years recorded as deflation. (General) inflation in this month is 0,23% (mtm) or 3,83% (yoy). General inflation in February 2017 is still lower…
    03 Mar
    03 Mar
  • Surrounded by global uncertainty and accelerated inflation, we expect Bank Indonesia to hold the 7 day RRR at 4.75% at the policy meeting on Thursday. Although the Q4 economic growth slowed to 4.94% (y.o.y), below most…
    16 Feb
    16 Feb
  • Still consistent with our previous outlook, we expect 2016 GDP to grow at around 5.1% level, higher than the preceding year. This is attributable to more robust consumption growth amid low inflation. However, this growth…
    06 Feb
    06 Feb
  • In January 2017, general inflation is 0,97% (mtm) or 3,49% (yoy). Inflation in January 2017 is higher compare to inflation in January 2015 and January 2016, with deflation of 0,24% (mtm) and inflation of 0,51%. The main cause of this month inflation…
    06 Feb
    06 Feb
  • Despite annual inflation at its lowest level since 2010, at 3.02% (y.o.y) in 2016, and the need to drive economic growth, we still believe that BI needs to maintain the benchmark rate at 4.75% (y.o.y) in its first meeting in 2017.…
    19 Jan
    19 Jan
  • After cutting rate six times in 2016, BI may need to maintain the benchmark rate at 4.75% (y.o.y.) on Thursday meeting. Even with slowing GDP growth of 5.02% (y.o.y.) in Q3 2016 and still-below-target inflation, several…
    14 Dec
    14 Dec
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