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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndonesiaIndonesia Bank of Indonesia Rate held to 5.75% in February 2013
FMPMonthlyReleased March 2013
Indonesia Bank of Indonesia Rate held to 5.75% in February 2013, released March 2013.
Latest Release
5.750000
Actual
—
Consensus
5.750000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Bank of Indonesia Rate (Indonesia) was reported at 5.75% in March 2013. The reading was unchanged from the previous release.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jun 2) and Balance of Trade (Jun 2).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Bank of Indonesia Rate - ID
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About Bank of Indonesia Rate — Indonesia
DEFINITION
The Bank of Indonesia Rate is a key financial indicator that represents the benchmark interest rate set by the central bank of Indonesia. This rate is used to guide monetary policy and influence the cost of borrowing for banks and other financial institutions in the country. It is an important tool for managing inflation and promoting economic stability in Indonesia. Investors and businesses closely monitor this rate as it can have a significant impact on the overall financial market and the country's economic growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 5.75 %.