Jakarta, mpi-update. Bank Indonesia is expected to hold the benchmark rate “7-Day Reverse Repo Rate” at 4.75 percent at next week’s meeting of the Board of Governors, and an end to monetary easing by 150 basis points during 2016.
DBS Bank economist Gundy Cahyadi in response by e-mail at Jakarta as published by Antara on Friday, said most of the impact of monetary policy easing the central bank this year will be felt at the beginning of 2017 for the economy.
for 2017, the bank saw the central bank will implement monetary policy still accommodative to economic growth.
“However, we saw in the second half of 2017, there is a chance the central bank will raise its benchmark interest rate by 25 basis points,” said economist based in Singapore that.
Throughout 2016, in addition to interest rate cuts of 150 basis points, the central bank has loosened Statutory Primer 150 basis points. Transmission of monetary policy on bank interest rates is recognized not maximized. As of October 2016, interest rates on new loans fell 62 basis points, while the deposit rate has gone down by 129 basis points. (Ant.)
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