Macro Analysis /

Indonesia: BI keeps key policy rate flat at 3.75%

    21 January 2021
    • The decision was in line with ours, as well as market, expectations
    • Inflation remains low, but it is likely to pick up as domestic demand recovers
    • BI continues with govt bond purchases on the primary market
    • We expect BI may cut the key rate in Feb or Mar before holding it for a considerable part of 2021