BI Preview: Forecasts from four major banks, raising rates but unlikely to be aggressive Indonesia USDIDR InterestRate Macroeconomics Banks
by the economists and researchers of four major banks regarding the upcoming central bank's rate decision.
BI is expected to hike rates by 50 basis points to 4.75%. However, some analysts see a smaller 25 bps move. At the last policy meeting on September 22, the bank hiked rates by 50 bps to 4.25%.“We expect the central bank to raise the policy rate by 25 bps in the next meeting in October and follow that up with additional 25 bps rate hikes in the next two months, taking the year-end policy rate to 5.0%.
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