New president should not expect any favours from Bank Indonesia

Bank Indonesia’s (BI) decision to leave interest rates on hold today never really looked in much doubt. Looking ahead, although the central bank may have some scope to cut interest rates over the next year or so, loosening, when it does arrive, is likely to be very gradual. In other words, Indonesia’s new president should not expect any favours from the central bank as he looks to revive the economy.

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