24 Aug 2022 Emerging Asia Monitor BI has Joined the Party, but Expect Only One More Rate Hike this Year

Miguel Chanco (Chief EM Asia Economist)23rd Aug 2022 14:43Emerging Asia, Daily Monitor

Bank Indonesia defied the consensus yesterday, as we expected, enacting its first rate hike, to 3.75%...

...But we’re sticking to our below-consensus view for just one more hike this year; policy is quite tight.

The Board can also rely credibly on sustained fiscal support, with consolidation well ahead of schedule.

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commodities cpi deficit fiscal policy fuel government interest rate July market expectations policy rate hike repo rrr

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Keywords for: 24 Aug 2022 Emerging Asia Monitor

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