Indonesia: BI is seen holding rates this week – UOB

Economist at UOB Group Lee Sue Ann suggests the Ban Indonesia could eep its policy rate unchanged at its meeting later in the week.

Key Quotes

“BI remains of the view that inflation expectations are anchored and rupiah stability is here to stay.”

“Thus, we keep our BI rate forecast to remain unchanged at 5.75% for the rest of this year and for BI to potentially embark on a rate cut cycle in 1H24.”