Poll- Bank Indonesia to hold rates until second half of 2022 despite hawkish Fed


FILE PHOTO: The logo of Indonesia's central bank, Bank Indonesia, is seen on a window in the bank's lobby in Jakarta

BENGALURU:- Indonesia's central bank will wait until the second half of the year before raising rates to nurture economic growth, even though the U.S. Federal Reserve looks likely to tighten monetary policy as soon as March, a Reuters poll showed.

Bank Indonesia (BI) Governor Perry Warjiyo said at its December meeting https://www.reuters.com/markets/rates-bonds/indonesia-cbank-holds-rates-amid-tapering-uncertainty-omicron-2021-12-16/#:~:text=Warjiyo%20said%20that%20while%20the,follow%20those%20of%20the%20Fed.&text=%22Our%20decision%20on%20the%20level,2022%2C%202023%20and%202024.%22 that normalisation of policy will not necessarily follow moves by the Fed, and that interest rates would remain low until inflation rises.

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