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VIEW: J.P.Morgan Look For BI Hike in June

INDONESIA

Late on Monday J.P.Morgan noted that “given the anticipation of a rise in core CPI in May onwards, we pencil in a 25bp policy rate hike at the Bank Indonesia June 22-23 monetary policy meeting to pre-emptively anchor price-setting behaviour. Also, we expect the BI rate will reach 4.25% by the year-end from 3.50% at present.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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