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Domestic Demand Keeps Indonesian Palm Oil Industry Afloat amid Sluggish Export Markets


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A worker shows palm oil fruits at palm oil plantation in Topoyo village in Mamuju, Sulawesi Island. (Antara Foto/Akbar Tado)
Domestic Demand Keeps Indonesian Palm Oil Industry Afloat amid Sluggish Export Markets
BY :ELENA COUPER
FEBRUARY 01, 2021
Jakarta. The Indonesian palm oil industry, the biggest in the world, has suffered disruption during Covid-19. Although lockdown measures in export destinations have restricted the market, the demand for palm oil has increased domestically. 
“The year of 2020 was marked with market uncertainty due to Covid-19, indeed it has had a great impact not only on the palm oil industry but also Indonesia’s economy,” Tofan Mahdi, Head of Communications at Indonesian Palm Oil Association (Gapki), told Jakarta Globe on Friday.  ....

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BoJ Keeps Policy Unchanged

TOKYO (dpa-AFX) - The Bank of Japan decided to leave its monetary policy unchanged on Thursday and raised the growth projections.The board voted 7-1 to retain the interest rate at -0.1 percent ....

Kostenloser Wertpapierhandel ,

Turkish Central Bank Keeps Interest Rates Unchanged


Turkish Central Bank Keeps Interest Rates Unchanged
also known as 1 week repo rate – stands at 17% in line with market expectations.
The Turkish Central Bank on Thursday kept the policy rate constant in line with market expectations.
The bank s policy rate – also known as the one-week repo rate – stands at 17%, the bank said in a statement, noting that additional monetary tightening would be delivered if needed.
The decelerating impact of the strong monetary tightening implemented in November and December MPC meetings on credit and domestic demand is expected to become more significant, the bank said.
Therefore, it added, the effects of demand and cost factors on inflation are projected to diminish gradually. ....

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