Bank Indonesia Expected to Hold Rate at 5.75% Again
Brown Brothers Harriman’s Elias Haddad expects Bank Indonesia to keep its policy rate at 5.75% for a second straight meeting after 100 basis points of tightening.
USDIDR
Brown Brothers Harriman’s Elias Haddad expects Bank Indonesia to leave its policy rate at 5.75% at the next policy decision, marking a second consecutive hold.
The central bank has already delivered 100 basis points of tightening, and the BBH view points to an extended pause in the current cycle.
Source: FXStreet Forex News