Indonesia Bank Indonesia Rate above expectations (4.25%) in May: Actual (4.5%)

May 19, 2020

GBP/USD: Close to critical resistance

GBP/USD is nearing the 1.2270 level which was a swing low in early May and is where the 50 Simple Moving Average on the four-hour chart hits the price

USD/IDR: Rupiah refreshes two-month tops on Bank Indonesia’s surprise status-quo

At its May monetary policy meeting held on Tuesday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.50%