Indonesia’s central bank will likely keep its benchmark interest rate at a four-year high to support the rupiah amid expectations the Federal Reserve will resume monetary tightening later this week.
Bank Indonesia is seen to keep its seven-day reverse repurchase rate unchanged at 5.75% on Tuesday, according to all 30 economists surveyed by Bloomberg. The central bank has stood pat in every meeting this year after January, when it delivered a quarter-point hike.
Read More : Bank Indonesia to Hold Interest Rates Steady in Anticipation of Key Fed Meeting