“Our stress test assessment concluded that Indonesia’s banking conditions are resilient to this impact and frankly we are continuing to monitor it,” Warjiyo told a news conference.
He also said he did not think the collapse of some U.S. banks would affect the trajectory of the Federal Reserve’s monetary tightening.The governor reiterated that BI’s rate hikes – totaling 225 basis points between August to January – were adequate to ensure headline inflation return to its target range starting in September, despite inflation picking up slightly in February to 5.47 percent.The rupiah was little changed after the rate decision. The currency had dropped more than 0.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Reuters Let’s follow Indonesian lead on interest pause