24 Aug 2022 Emerging Asia Monitor BI has Joined the Party, but Expect Only One More Rate Hike this Year

Miguel Chanco (Chief EM Asia Economist)23rd Aug 2022 14:43Emerging Asia, Daily Monitor

Bank Indonesia defied the consensus yesterday, as we expected, enacting its first rate hike, to 3.75%...

...But we’re sticking to our below-consensus view for just one more hike this year; policy is quite tight.

The Board can also rely credibly on sustained fiscal support, with consolidation well ahead of schedule.

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Keywords for: 24 Aug 2022 Emerging Asia Monitor

commodities, cpi, deficit, fiscal policy, fuel, government, interest rate, July, market expectations, policy, rate hike, repo, rrr, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence

24 Aug 2022 Emerging Asia Monitor BI has Joined the Party, but Expect Only One More Rate Hike this Year

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Keywords for: 24 Aug 2022 Emerging Asia Monitor