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The head of Indonesia’s Central Bank, Perry Vargiya, speaking at a seminar organized by the Golkar party, expressed an opinion that interest rates in the country had to be raised before the US Federal Reserve System does, finversia.ru writes. Thus, it is likely that the Indonesian Central Bank will raise interest rates again until mid-December, without waiting for the Fed to take a similar step to reduce capital outflows. The Fed raised the rate last week for the third time this year and plans to raise it again in December and then 3 times next year and once in 2020. The rate of the Bank of Indonesia has been raised 5 times since mid-May 2018.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
KYC Policy