MARKET UPDATES :
INDONESIA’S central bank held the benchmark interest rate at 7.50 per cent on Thursday despite sluggish growth, in a bid to take pressure off its current account. Southeast Asia’s top economy in the second quarter posted its slowest growth rate in five years with inflation easing to 3.99 per cent in August, well within the bank’s target range. Prices had spiked on fuel-price hikes last year. But Bank Indonesia has resisted slashing rates to boost growth to prioritise its current account, which hit a near-record deficit of US$9.1 billion, or 4.27 per cent of GDP, in the second quarter of this year.
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BUY NEPTUNE OIL ABOVE 0.975 TG 1.000, 1.030, 1.070 SL 0.940
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INDONESIA’S central bank held the benchmark interest rate at 7.50 per cent on Thursday despite sluggish growth, in a bid to take pressure off its current account. Southeast Asia’s top economy in the second quarter posted its slowest growth rate in five years with inflation easing to 3.99 per cent in August, well within the bank’s target range. Prices had spiked on fuel-price hikes last year. But Bank Indonesia has resisted slashing rates to boost growth to prioritise its current account, which hit a near-record deficit of US$9.1 billion, or 4.27 per cent of GDP, in the second quarter of this year.
STOCK RECOMMENDATION :
BUY NEPTUNE OIL ABOVE 0.975 TG 1.000, 1.030, 1.070 SL 0.940
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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