21 Jan 2022 Omicron Poses Short-Term Worries, but BI Normalisation is Coming

Miguel Chanco (Chief EM Asia Economist)21st Jan 2022 00:10Emerging Asia, Daily Monitor

Bank Indonesia is more than ready to unwind Covid support, looking at the full reversal of RRR cuts...
...But rate hikes are unlikely until mid-year, in spite of BI's hawkish view on the Fed; thank Omicron.
Loan growth will surpass BI's 2022 forecast soon, and inflation is unlikely to stay a non-issue for long.

asia bank banks bloomberg board borrowing commercial banks confidence consumer consumer confidence credit economy fed forecast forecasts gains governors growth headline rate household india inflation interest rate it loan outlook rate hike rates remain repo rrr tax

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