• About
  • Subscribe
  • Contact
Thursday, March 30, 2023
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
FutureCFO
No Result
View All Result
Home Business Insights

Indonesia joins Asia’s current wave of interest rate cuts

FutureCFO Editors by FutureCFO Editors
August 26, 2019
percentage

Photo by Murat-Göçmen on istock

Bank Indonesia recently cuts its key policy rate by 25 basis points to 5.5%.

This is expected to help the country—the largest economy in Southeast Asia—to sustain its economic growth despite the ongoing US-China trade war which is predicted to slow global growth.

The country’s central bank expects the economy to grow between 5% and 5.4% in 2019. Last year, the country — Southeast Asia’s largest economy — grew by 5.17%.

Central banks in Asia such as those in India, Malaysia, the Philippines, Thailand and South Korea have cut rates this year.

The Reserve Bank of India (RBI) had its fourth rate cut this yearn early August, dropping its benchmark rate by 35 basis points to 5.4%.

The RBI also revised its 2019 growth forecast downward to 6.9% from 7%.

Thailand also cut its key rate in early August by a quarter-percentage point to 1.5% while Malaysia announced its Overnight Policy Rate cut by 25 basis point to 3% in May.

Malaysia is one of the few economies in Asia Pacific that reported growth in Q2 and the highest—4.9%—in the region. 

In early August, the Philippines cut its benchmark interest rate by a quarter-percentage point to 4.25%.

At the same time, its central bank cut its inflation forecast for the year to 2.6% from 2.7% and next year’s inflation forecast to 2.9% from 3%.

The Bank of Korea also unexpectedly cut its benchmark interest rate in mid-July as it slashed economic growth and inflation forecasts.

The Korean central bank slashed its seven-day repurchase rate to 1.5% from 1.75%, expecting the economy to grow 2.2% this year, versus 2.5% projected in April, and inflation to rise 0.7%, versus 1.1% previously.

Related:  Being digital is not enough to create successful business transformation
Tags: Asiaeconomic outlookIndiaIndonesiainterest rate cutsMalaysiaSouth KoreaThailandThe Phillipines
FutureCFO Editors

FutureCFO Editors

No Result
View All Result

Recent Posts

  • Asia Pacific private equity deal value down 44% in 2022
  • Investment planning: Sustainability metrics to be CFO’s standard practice by 2026
  • Rein in rogue spending by automating accounts payable
  • Is your people strategy human enough?
  • Security budgets rise more than in 2022 despite economic headwinds

Live Poll

Categories

  • Artificial Intelligence
  • Audit and Compliance
  • Automation
  • Big Data
  • Blockchain
  • Business Applications
  • Business Insights
  • Case Studies
  • Cloud, Platforms and Ecosystems
  • Competencies and Capabilities
  • Digital Transformation
  • eBooks and eBriefs
  • Finance Accounting and Reporting
  • Future Technology
  • General
  • Infographics
  • Leadership and Roles
  • Mergers and Acquisitions
  • Operational Accounting and Control
  • Operations
  • Polls and Surveys
  • Resources
  • Risk and Regulation
  • Strategies and Tactics
  • Tax Management and Optimization
  • Technology
  • Treasury and Cash Management
  • Videos/Tutorials
  • Webcasts/Podcasts
  • White Papers

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In