05:07 Video If the Fed’s Interest Rate Increases, This is the Effect on Banks & Multifinance! My Money – 1 day ago

Jakarta, CNBC Indonesia- US inflation in September 2023 will still be high and was recorded at 3.7% (yoy), giving rise to market concerns about the Fed’s benchmark interest rate increasing again.

However, Bank Mega’s Treasury & Global Market Head Sales, Donny Lukito, said that only 26% of market players believed in the Fed’s potential to raise the FOCM interest rate in November and December. Donny also views that the Fed’s hawkishness is starting to end because it could have a negative impact on the US economy.

On the other hand, Head of Hub Division. II APPI government, Ristiawan Suherman asked the Central Bank including BI not to increase interest rates. This is important to support the momentum of Indonesia’s economic recovery.

What do financial industry players think about the direction of interest rate policy? What is the impact on banking and multi-finance businesses? For further details, see Anneke Wijaya’s dialogue with Treasury & Global Market Head Sales PT Bank Mega Tbk (MEGA) Donny Lukito and Head of Hub Division. Government II Association of Indonesian Financing Companies (APPI), Ristiawan Suherman at Power Lunch,CNBCIndonesia (Monday, 16/10/2023)

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