Bank Indonesia Predicts The Fed to Raise Rate by 0.75% in July

Bank Indonesia predicts The Federal Reserve, will again raise its benchmark interest rate by 0.75% or 75 basis points in july 2022.

IDX CHANNEL- Bank Indonesia predicts The Federal Reserve, will again raise its benchmark interest rate by 0.75% or 75 basis points in july 2022. Group head of the department of economics and monetary policy of Bank Indonesia, Wira Kusuma said, the increase in The Fed's benchmark interest rate was a response to high inflation in the US, where in June 2022, us inflation reached 9.1% on an annual basis. This figure is the highest spike in the last 40 years.