Indonesia’s central bank has and will continue to intervene in the currency market amid volatility linked to the closure of some U.S. banks, its governor said after leaving interest rates unchanged for a second straight meeting. | Reuters
“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.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia says its banks have limited exposure to Silicon Valley Bank crisisKUALA LUMPUR - Malaysia&039;s government on Wednesday said the country&039;s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of
Read more »
Argentina inflation tops 100% for first time since 1991Argentina’s annual inflation rate tore past 100% in February, the country’s statistics agency said, the first time it has hit triple figures since a period of hyperinflation in 1991, over three decades ago. | Reuters
Read more »
Oil prices rebound after OPEC upgrades China demand outlookOil prices rebounded more than 1 percent, recovering from the previous day’s plunge, as a stronger OPEC outlook on China’s demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures. | Reuters
Read more »
Swiss central bank throws financial lifeline to Credit Suisse after shares pummeledSwiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender’s shares tumbled as much as 30 percent. | Reuters
Read more »
China’s central bank warns against U.S., Western ‘suppression’The People’s Bank of China said it will “appropriately” respond to U.S. and Western “containment and suppression”, in a rare warning by the central bank following calls by President Xi Jinping to safeguard national security. | Reuters
Read more »
Bela Padilla denies being cranky, rolling eyes at fans during Harry Styles’ concert: ‘Imbento’Bela Padilla belied a netizen’s claim that the actress rolled her eyes at fans who approached her during Harry Styles’ concert in Bulacan, stressing that the netizen was just making up stories. | APasajolINQ
Read more »