Bank Indonesia (BI) is expected to continue to keep its rate on hold in June, despite clear signs of economic weakness emerging. With inflation hardening and the IDR remaining much weaker than official expectations, a rate cut at this juncture would be an ill-advised move, suggests Societe Generale.
Commentary
BI likely keep BI rate unchanged
Bank Indonesia (BI) is expected to continue to keep its rate on hold in June, despite clear signs of economic weakness emerging. With inflation hardening and the IDR remaining much weaker than official expectations, a ra…
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