Bank Indonesia rates on hold for rest of year, cut in Q1 2024 – Reuters poll

BENGALURU - Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75 percent next week and leave it there for the rest of the year as inflation is set to remain within the central bank's 2-4 percent target range, a Reuters poll of economists found. Headline inflation in Southeast Asia's largest economy eased to a 14-month low of 3.52 percent in June and core inflation to 2.58 percent, suggesting BI can hold rates steady, despite expectations policymakers in the U.S., Britain and the euro zone will hike interest rates further. With inflation expected to stay within the central bank's 2 percent-4 percent target range the focus was now on maintaining the stability of the ...Keep on reading: Bank Indonesia rates on hold for rest of year, cut in Q1 2024 – Reuters poll

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