Jakarta, CNBC Indonesia- Global geopolitical tensions amidst surging inflation are still a sentiment that is holding back expectations of a cut in the Fed's benchmark interest rate. This condition also has an impact on Indonesia, which is reflected in the weakening of the Rupiah and the increase in the BI Rate.
Managing Director & Head of Global Financial Markets, Bank DBS Indonesia, Puneet Punj views that the Indonesian economy is still quite strong amidst current global pressures. The Indonesian government and monetary authorities are considered to be able to withstand the effects of this global uncertainty.
DBS Indonesia is still optimistic about the economic and business prospects in Indonesia, supported by large and strong market opportunities and natural resource potential.
How does International Bank view economic developments, interest rate levels and business prospects in Indonesia in 2024? For further details, see Safrina Nasution's dialogue with Managing Director & Head of Global Financial Markets, Bank DBS Indonesia, Puneet Punj at Power Lunch,CNBCIndonesia (Thursday, 02/05/2024)