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.”