According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is seen keeping rates on hold at its policy review this Thursday.
Key Findings:
“Twenty-two of 25 economists in the poll expected BI to hold the 7-day reverse repurchase rate steady at 5.00%, at its first policy meeting of the year.
Three economists expected a 25-basis point cut.
BI estimates the economy will expand around 5.1%-5.5% this year, slightly faster than last year’s projected 5.1% rate – the first-time growth has slowed in four years.”
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