Analysts at TD Securities are expecting the Bank Indonesia to maintain its 7-day reverse repo rate at 6.00% in its policy meeting today.
“Low and declining inflation, a firmer IDR and some stabilization of external conditions, point to a more confident outlook for Bank Indonesia, paving the way for a rate cut, likely at the May meeting. Why not cut at this meeting? We think that Bank Indonesia will want to assess any change in government policies following the Presidential and Parliamentary elections that took place last week.”
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