What Experts Say About Bank Indonesia’s Rate Increase Surprise. As risks from the external sector, driven through the U.S. Federal Reserves signal to boost rates of interest. Furthermore, trade tensions will very likely worsen Indonesias current-account balance
Having said that, Indonesia remains fundamentally robust while bond and currency valuations appear cheap, particularly if Treasury yields continue the existing trend of decline. Therefore, the core in the Data Berita Rekomendasi Analisa Market volatility is driven more by external events as opposed to internal weaknesses
Ahead of the Curve.
Evan Lie Hadiwidjaja, head of equity research at Sinarmas Sekuritas:
The current market is going to be happy with the 50 basis-point hike since it shows a large commitment to rupiah stability and consistency toward being pre-emptive, front-loading, and ahead of the curve. On another note, BI consistently have a “pro-growth” stance through macro prudential policy: LTV relaxation. Both catalysts combined may boost consumer confidence as rupiah will stabilize while growth will still be maintained
Not the final.
Saktiandi Supaat, head of foreign-exchange research at Malayan Banking Bhd. in Singapore:
Because of the rising risk aversion – and Treasury yields look set to go on for a while longer and weigh on the rupiah – todays increase, though a lot more than expected, might actually not mark the conclusion for the requirement to continue the tightening cycle
The speed increase comes against a backdrop of continued weak economic growth and subdued inflation, and clearly indicates the main focus in the central bank is boosting the rupiah.
A new chapter in the history of Bank Indonesia being an independent Central Bank in performing its duties and authorities began when a new law, concerning Bank Indonesia will be declared valid on May 17, 1999 so that as amended by Act of the Republic of Indonesia. This law provides the status and status of your independent state institution within the performance of the duties and authorities, free of interference from the Government and/or other parties, aside from those expressly provided for within the law, this law.
Bank Indonesia (BI) is the central bank in the Republic of Indonesia. Agus Martowardojo, formerly the finance minister, is definitely the current governor. The final governor before Saham Murah Fundamental Bagus was Darmin Nasution who resigned at 23 May 2013. Agus Martowardojo was sworn in by president Susilo Bambang Yudhoyono on 23 May 2013. Finance Minister Sri Mulyani Indrawati was proposed being a candidate for governor of BI in 2009. However, the suggestion did not proceed and she later left the cabinet on 5 May 2010 and moved to the World Bank Group as Managing Director. By 26 March 2013, panel of Indonesian parliament member approved Finance Minister Agus Martowardojo to get the central bank governor.
Bank Indonesia has full autonomy in formulating and executing all of its duties and authorities as defined inside the law. Outsiders are certainly not able to interfere with the performance of the duties of Bank Indonesia, and Bank Indonesia is additionally obliged to refuse or ignore any intervention from your party. Such special status and status is needed to enable Bank Indonesia to do its role and function as a monetary authority more effectively and efficiently.
Bank Indonesia Liquidity Support is definitely an Indonesian government policy which had been formulated with Bank Indonesia within the crisis period and executed by Bank Indonesia to rescue the monetary and banking system as well as rquipd economy as a whole. It was partly based on the instruction and command from the President within the limited meeting of economic, finance, and development supervision and production and distribution on 3 September 1997.
It is actually hereby informed that your selection of candidate selection of Bank Indonesia Officers of 2017 has been completed. The names of participants who pass the final selection and they are accepted as candidates for Lunch At Batik Restaurant Bar Seminyak can be viewed in the attached list of names. Caption: Official notice regarding the consequence of the selection is sent by email to every participant who may have followed the selection up until the final interview stage. The decision and determination of the result of the selection is entirely the authority of Bank Indonesia and may not be contested. There is not any charge in the recruitment procedure of Bank Indonesia employees.