Indonesia: BI could start normalizing its monetary policy soon – UOB

Pablo Piovano FXStreet

Enrico Tanuwidjaja, Economist at UOB Group, reviews the latest bank Indonesia (BI) event.

Key Takeaways

“BI kept rates unchanged at its first meeting of the year at 3.5%.”

“However, RRR hike is expected to start in March, signalling normalization has begun.”

“We keep our view for BI to start hiking in H2 2022 to reach 4.5% by the end of this year.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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