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At its monetary policy meeting held in April, the Indonesian Central Bank, Bank Indonesia (BI), decided to maintain its 7-day repo rate at 6.00%, disappointing expectations of a reduction. rates.
While Indonesian President Joko Widodo redoubled his efforts to spur economic growth as he prepared for a second term, the markets had taken into account the central bank's interest in lowering rates in order to stimulate economic growth. growth.
At the same time, Perry Warjiyo, governor of the Indonesian Central Bank, told reporters that policies aimed at controlling the country's growing current account deficit and keeping its financial badets attractive to investors would be maintained.
On the status quo of the Indonesian central bank, the Indonesian rupiah (IDR) remained little affected compared to its US counterpart, the cross USD / IDR now its consolidation mode up nearly 14,150.
The technical configuration remains in favor of bulls, if the spot was to close above the channel hedge of 14 145as explained by FXStreet badyst Omkar Godbole.
Technical levels USD / IDR
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