Indonesia: BI is expected to be put on hold next week — UOB

At its meeting in the upcoming week, UOB Group Economist Lee Sue Ann advocates that the Bank of Indonesia will retain the policy rates consistent.

May 20, 2022 - 02:35 PM 280 views

Indonesia: BI is expected to be put on hold next week — UOB

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© Indonesia: BI is expected to be put on hold next week — UOB

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At its meeting in the upcoming week, UOB Group Economist Lee Sue Ann advocates that the Bank of Indonesia will retain the policy rates consistent.

Important Quotes

The Bank of Indonesia (BI) is of the view that inflation will remain within its target range of 2–4% in 2022, aligned with the support from the IDR and policy acknowledgement taken by the Bank of Indonesia (BI) and the government.

Currently, on an average basis, our revised 2022 inflation prediction rate will be at 3.3%. We will continue to manage our expectations for the Bank of Indonesia (BI) to maintain its benchmark rate in 1H22.Nonetheless, we are of the opinion that the Bank of Indonesia (BI) will begin to increase its benchmark interest rates in the second half of the year 2022.

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