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Forex Flash: Bank of Indonesia to raise FASBI rate by another 75bps - Standard Chartered

By FXstreet.com,  August 15, 2012, 12:01:00 AM EDT

FXstreet.com (Barcelona) - Standard Chartered has cut the 2012 Indonesian current account forecast to a USD 16bn deficit (1.8% of GDP) from a USD 2bn surplus. "We expect Bank Indonesia to raise the FASBI rate by another 75bps in H2-2012 to slow credit growth, while maintaining a neutral cash and duration stance on IDR bonds, on a constructive demand-supply outlook."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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