- Published at
- by finance.yahoo.com
positive
positive
Bank Indonesia to hold rates on April 23 as FX concerns outweigh growth risks
Bank Indonesia will hold interest rates steady on Wednesday to support the under-pressure rupiah, despite growing concerns of slowing economic growth driven by U.S.-led trade policies, a Reuters poll of economists found. The currency had initially come under pressure from the impact of President Prabowo Subianto's fiscal plans, but more recently also by a 32% tariff imposed on all Indonesian goods imported by the United States, currently paused for 90 days. Indonesia is currently negotiating a trade deal with Washington.