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JAKARTA: Indonesia’s central bank will likely keep interest rates at record lows on Thursday, a Reuters poll showed, after its governor pledged to keep monetary policy accommodative for a while as inflation remains below target and Covid-19 cases rise.
JAKARTA: Indonesia's benchmark interest rate of 3.50% was already low, central bank governor Perry Warjiyo said on Monday, while also underlining the central bank's efforts to accelerate bank lending ahead of a policy review this week.
UPDATES on rubber statistics for the month of April 2021 highlighted a relatively quiet week for economic data. The Statistics Department is expected to release rubber statistics tomorrow.
Volatility in the global markets was sucked out, leaving major currencies mostly range-bound as investors took the sidelines ahead of Thursday’s development – US May CPI print and European Central Bank (ECB) monetary meeting.
NEW YORK: Global stock markets rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve's easy monetary policy stance that rising consumer prices will be transitory.
HAUNTED by memories of past United States interest rate hikes, the world’s central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
Don’t expect Australia to join the growing ranks of countries issuing debt to fund environmental objectives any time soon.
TOKYO/JOHANNESBURG/LONDON: Haunted by memories of past U.S. interest rate hikes, the world's central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
KUALA LUMPUR: The ringgit opened higher against the US dollar today on the back of the expectation of an economic recovery as new COVID-19 cases showed a downtrend, a dealer said.