Indonesia’s central bank is expected to keep its benchmark interest rate steady, while staying on guard against external volatility that could reverse the rupiah’s recent gains.
Of the 31 economists surveyed by Bloomberg, 25 expect Bank Indonesia to leave the seven-day reverse repurchase rate unchanged at 6% on Thursday. The rest see another quarter-point hike to follow through after the surprise increase last month, taking the key rate to its highest since it was introduced in 2016.
Read More : Indonesia Poised for Cautious Rate Pause Amid Fragile Rupiah Improvement