Seeing global uncertainty and accelerating inflation, we believe that Bank Indonesia should still maintain its benchmark interest rate at 4.75% at the Board of Governors Meeting next Thursday. Even though the Indonesian economy grew 4.94% in the fourth quarter of 2016, under many predictions, Bank Indonesia has limited room to continue lowering the benchmark interest rate due to inflationary pressures and global uncertainty, especially due to US government policy.
LPEM ANALYSIS OF BI BOARD OF GOVERNORS MEETING FEBRUARY 2017
February 16, 2017
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