Indonesia: BI seen keeping rates unchanged at its meeting later in the week

Pablo Piovano FXStreet

Bank Indonesia (BI) is expected to maintain its refi rate unchanged at 3.50% at its event, suggested UOB Group’s Economist Lee Sue Ann.

Key Quotes

“We are of the view that BI will keep its accommodative monetary policy via other macroprudential, and liquidity-supporting measures to effectively transmit the lowering of the benchmark interest rate so far into the economy.”

“We keep our BI rate forecast steady at 3.50% for the rest of the 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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