Country Daily

报告摘要

BI held its policy rate at 5.75%, citing favourable inflows, ample reserves and pro-growth priorities, while dropping its monetary base target and raising swap discounts for longer-term investors. The global outlook remains murky as Fed tightening, elevated oil prices and US fiscal risk persist. Indonesia’s twin deficits keep the rupiah vulnerable, and BI is expected to raise rates further to defend it. The base case is fragile stability with modest short-duration capital inflows along with a stable rupiah.