Analysts at TD Securities are expecting no change in policy from Bank Indonesia, with the 7 day reverse repo likely to be kept at 6%.
Key Quotes
“Given BI’s focus on the IDR and financial stability the 8% appreciation of IDR versus USD since the end of October 18 has reduced any likelihood of a rate hike this month and perhaps in the following months. Additionally inflation remains low and unlikely to be a threat over coming months.”
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