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BI Board of Governor's Meeting, July 2018

Author

Listed:
  • Febrio Kacaribu

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Alvin Ulido Lumbanraja

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Syahda Sabrina

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

Bank Indonesia’s decision to raise 7-days Reverse Repo Rate by 100 bps in the last three months have shown meaningful results with relatively stable Rupiah in the last two weeks. Clear and strong signals from Bank Indonesia that they prioritize exchange rate stability has reduced uncertainties in the market due to Federal Reserve’s decision to raise Fed Fund rate faster. With lower volatility in the global market compared to last month and absence of further negative factors, Bank Indonesia has ample room to hold its benchmark rate this Thursday, given that domestic inflation is still very low. Going forward, Bank Indonesia still needs to closely monitor potential sources of downward pressure for Rupiah, such as ongoing trade war between United States, China, and EU or price volatility of key export commodities.

Suggested Citation

  • Febrio Kacaribu & Alvin Ulido Lumbanraja & Syahda Sabrina, 2018. "BI Board of Governor's Meeting, July 2018," LPEM FEBUI BI Board of Governor Meeting Brief 201807, LPEM, Faculty of Economics and Business, University of Indonesia, revised Jul 2018.
    • Handle: RePEc:lpe:gomeet:201807
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    File URL: https://lpem.org/repec/lpe/queouts/BBG201807.pdf
    File Function: First version, 2018
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