Bank Indonesia will probably keep borrowing costs unchanged and mark the end of its tightening cycle as the worst seems to be over for the rupiah.
All 29 economists in a Bloomberg poll expect BI to hold its seven-day reverse repurchase rate at a four-year high of 6% on Thursday. That level should be the peak as bets on the US Federal Reserve’s pivot toward easing spurs funds to return to Indonesian assets, according to 19 of 21 analysts in a separate survey.
Read More : End of an Era: Bank Indonesia Nears the Conclusion of its Tightening Measures