Indonesia policy continuity expected to support rupiah
ING’s Lynn Song expects Bank Indonesia to keep its benchmark rate unchanged at 5.75% this week, with rupiah stability remaining the priority.
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Bank Indonesia is likely to leave its benchmark rate unchanged at 5.75% at this week’s policy meeting, according to ING’s Lynn Song.
The expected decision favors policy continuity and rupiah stability over an immediate rate hike. The report notes the central bank is increasingly relying on non-rate tools such as SRBI yields and FX measures alongside the policy rate.
Source: FXStreet Forex News