Indonesia: BI seen on hold this week – UOB

Lee Sue Ann, Economist at UOB Group, expects the Bank Indonesia (BI) to stick to the accommodative stance at its event later this week.

Key Quotes

“With the current global developments, we are of the view that BI has little room to trim its benchmark rate further.”

“Nonetheless, BI will keep its accommodative monetary via other monetary, macro-prudential, and liquidity-supporting measures to effectively transmit the lowering of the benchmark interest rate so far into the economy.”