Bank of Indonesia expected to leave rates unchanged – BBH

Analysts at BBH see the Bank of Indonesia keeping its benchmark rate unchanged at this week’s meeting at 4.75%.

Key Quotes

“Bank Indonesia meets Thursday and is expected to keep rates steady at 4.75%”.

“CPI rose 4.3% y/y in May, the highest since March 2016 and in the top half of the 3-5% target range. This should keep the central bank leaning hawkish, though a rate hike seems unlikely until late this year”.