BI Preview: Forecasts from four major banks, on hold again Indonesia USDIDR InterestRate Macroeconomics Banks
has risen lately, but even so, is not an outlier in the broader regional context. Overall, there is little reason for BI to detract from its earlier indication that the rate-hike cycle has concluded.”“We expect BI to keep the 7-day reverse repo rate unchanged at 5.75%, thus maintaining an attractive interest rate spread against USD rates, in order to keep the IDR stable. Stronger-than-expectedand recent hawkish statements by the Fed have increased pressure on EM currencies.
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