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BI Expects Rupiah To Stabilize In 2024 On Fundamentals, Inflows

INDONESIA
  • Headlines filtering through from Bank Indonesia:
    • BI sees slowing, diverging global growth on uncertainties
    • BI sees 2024 GDP growth at 4.7%-5.5%
    • BI sees 2025 GDP growth at 4.8%-5.6%
    • BI expects 2024 inflation to remain manageable at 1.5%-3.5%
    • BI expects rupiah to stabilize in 2024 on fundamentals, inflows
    • BI sees credit growth at 10%-12% in 2024, 11%-13% in 2025
    • BI to focus on fiscal-monetary synergy to face challenges
    • BI sees current-account deficit 0.1%-0.9% of GDP in 2024
    • BI sees current-account deficit 0.5%-1.3% of GDP in 2025
    • BI to continue supporting sustainable growth as part of mandate
    • BI to maintain pro-stability monetary policy
    • BI to keep pro-growth macroprudential policy
    • BI to keep pro-market monetary ops to improve rate transmission
    • BI to step up lending incentives to priority sectors (BBG)

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