Quick View: Indonesia's Interest Rate Trajectory Rests On The Fed
Country Risk / Indonesia / Wed 20 Mar, 2024
Latest Developments: Bank Indonesia (BI) kept the benchmark seven-day reverse repo rate at 6.00% on March 20, in line with consensus and our expectations. This was the fifth consecutive time the Bank has stood pat since its last 25 basis points (bps) hike back in October.
Forecast Implications: The latest meeting contains few surprises