Or if additional inflationary risks indonesia telegram data are realiz, for example, a significant deterioration in external conditions, a decline in our exports, or a ruction in the ability to receive imports.
key rate a year ago, but inflation
Slowing down. What is the reason?
— The slowdown is gradual. It takes a long time for the new interest rate level to affect consumer and business decisions, crit and demand, and, as a result, inflation. This period is 3-6 quarters. Therefore, the main effect of the decisions we made earlier will be fully evident in the second half of 2024 and beyond.
— The head of the Central Bank emphasiz that the rate will remain high for as long as it takes to slow down inflation. There are already forecasts that you will lower the rate at the end of winter or in the spring. What do you think about these forecasts?
Our opinion is reflect in our forecast
It will be appropriate to discuss in more detail the timing of the start of the key rate ruction only when the strategies that really bring results possibility of its further increase is completely remov from the agenda. For now, as you can judge from the signal from the board of directors, it is premature alb directory to talk about this.
— People and businesses will not be able to live for so long without accessible loans.