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FED'S STEP TO RAISE INTEREST RATE NOT SURPRISING: BANK INDONESIA.
JAKARTA, July 3 Asia Pulse - Bank Indonesia (BI) Deputy Governor Aslim Tadjuddin is of the view that the Fed's decision to raise its interest rate is not surprising and he believed that the step will have no significant impact on the country's economic condition.
The market has anticipated the rise in the Fed's rate and noticed the signal that the US central bank will begin to discontinue its tight money policy, Aslim told reporters at the BI Head Office here Friday.
The increase in the Fed's rate has been predicted, and the market has observed that the current US economic development and inflation rate made it impossible for The Fed to raise its rate further.
The belief that there will be no more increase in the Fed's rate has soothed the global market, Aslim said. He expressed the hope that such a condition will prevent an outbreak ...
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Source: HighBeam Research, FED'S STEP TO RAISE INTEREST RATE NOT SURPRISING: BANK INDONESIA.