USD/IDR: Dovish BI stance will not be helpful for the Rupiah – TDS USDIDR Indonesia InterestRate Banks
BI may extend its pause since Feb as headline inflation eased back to its 2-4% target while core CPI decelerated further. However, we think rate cuts are unlikely in the near-term as narrowing of rate differential could erode support for IDR.
USD/IDR is approaching a key psychological level of 15,000 which BI could be closely watching and a dovish stance won't be helpful for IDR.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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