Free Trial

Rates On Hold, Next Move Likely Easing In 2024

INDONESIA CENTRAL BANK

A Reuters poll is showing that economists expect Bank Indonesia to hold rates at 5.75% for the rest of 2023 and then begin cutting them early next year. BI meets on May 25 and the poll shows a unanimous view that it will be on hold, as inflation continues to ease towards the target band and the IDR appreciates.

  • BI’s next move is forecast to be a cut with only a small number expecting easing to begin this year. Six of the 20 surveyed project 50bp of easing in Q1 2024, four 25bp, two 75bp and three 100bp. The others expect no change in policy.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.