Arab Today, arab today indonesia holds key rate at 725 as rupiah steadies
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

Indonesia holds key rate at 7.25% as rupiah steadies

Arab Today, arab today

Arab Today, arab today Indonesia holds key rate at 7.25% as rupiah steadies

Jakarta - AFP

Indonesia\'s central bank held its benchmark interest rate at 7.25 percent Tuesday after recent rises, citing improved domestic conditions and the Fed\'s decision not to taper off its stimulus programme yet. Bank Indonesia had lifted rates by 150 basis points since June as stocks slumped and the currency plunged due to outflows of foreign capital on fears that the US would reduce its $85 billion a month bond-buying programme. Emerging markets worldwide were hit hard by concerns that the Federal Reserve would taper off the programme, with Indonesia\'s problems worsened by its own domestic economic woes. But Indonesia\'s central bank stood pat Tuesday, saying pressures on Southeast Asia\'s top economy had eased. It pointed to an improvement in conditions at home and the Fed\'s unexpected decision last month not to reduce its bond-buying scheme. \"The pressures on the rupiah have reduced in line with easing inflation, an improvement in the trade balance as well as the delay of the Fed\'s tapering,\" bank governor Agus Martowardojo told reporters. \"Confidence has been restored.\" Official data this month showed that Indonesia posted a surprise trade surplus in August of $132.4 million, from a record deficit the previous month. Inflation eased in September to 8.40 percent from a four-year high of 8.79 percent the previous month, data showed. The rupiah, one of the world\'s worst performing currencies this year, was trading at 11,540 to the dollar on Tuesday, Dow Jones Newswires reported. It has gained 0.6 percent against the dollar since the Fed\'s decision not to cut back on its massive bond-buying programme, according to Dow Jones.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia holds key rate at 725 as rupiah steadies Arab Today, arab today indonesia holds key rate at 725 as rupiah steadies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia holds key rate at 725 as rupiah steadies Arab Today, arab today indonesia holds key rate at 725 as rupiah steadies

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday