The Bank of Indonesia's December meeting is on the same day as that of US Fed. The central bank's decision to cut the reserve requirement ratio indicates the clear need of easing ahead.

With better inflation expectations in 2016, reduced uncertainty around the Fed's timing of action, this should provide sufficient reasons to ease further for BI.

"Given there are increasing expectations of a December Fed liftoff, we expect BI to remain on hold at the December meeting to avoid volatility in the bond and currency markets, we look for two 25bp rate cuts next year, one in Q1 and another in Q2 16 ", says Barclays in a research note. 

This could come, even as the focus will shift to fiscal spending, deregulation and the easing of macro prudential measures to revive growth and foreign investment.