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- Indonesia: BI kept rates unchanged at 3.5% in February – UOB
Indonesia: BI kept rates unchanged at 3.5% in February – UOB
UOB Group’s Economist Enrico Tanuwidjaja reviews the latest monetary policy decision by the Bank Indonesia (BI).
Key Takeaways
“BI kept rates unchanged at its Feb meeting at 3.5%.”
“150bps RR hike is expected to start in March, to 5.0% from curent level of 3.5%.”
“We keep our view for BI to start hiking in mid-2022 to reach 4.5% by the end of this year.”
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