BI Board of Governor's Meeting, May 2017

Febrio Kacaribu (), Alvin Ulido Lumbanraja () and Faradina Alifia Maizar ()
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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)
Faradina Alifia Maizar: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 201705, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Despite rising inflation, which currently stands at 4.17% (y.o.y.) or 1.28% (ytd), and high likelihood of June's rate hike by the Fed, we view that Bank Indonesia should still hold the policy rate at 4.75% in Thursday meeting. The fact that market participants seem to have currently priced in the chance of June's rate hike, no tangible prospect of further appreciation of oil price, and slight appreciation of Rupiah due to capital inflow further demonstrates no strong reason for BI to change the policy rate.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2017-05, Revised 2017-05
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