BI Board of Governor's Meeting, September 2017

Febrio Kacaribu (), Alvin Ulido Lumbanraja () and Nadia Khairani ()
Additional contact information
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)
Nadia Khairani: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 201709, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: After cutting interest rate last month, in line with our assessment of ideal policy rate, Bank Indonesia would best achieve its overall objective by adopting more cautious stance pending more economic data of Q3. From domestic side, slight uptick in credit growth in July and too low core inflation give conflicting signal about the pace of economic activity. From external side, there are also conflicting signals about market direction due to major central banks’ intention to normalize monetary policy, geopolitical risk in North Korea, and combination of Hurricane Harvey, Irma, and Jose. We expect no policy rate change in the US until maybe December. This allows Bank Indonesia to swiftly respond to changes in economic data or new developments in coming months.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2017-09, Revised 2017-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://lpem.org/repec/lpe/queouts/BBG201709.pdf First version, 2017 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lpe:gomeet:201709

Access Statistics for this paper

More papers in LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Bintoro Seto ().