0433 GMT - Bank Indonesia will likely stand pat for the rest of 2024, DBS senior economist Radhika Rao writes in a note. DBS previously expected a 25bp cut before year-end. While Indonesia's domestic picture looks positive with macro stability, in-line inflation and firm GDP growth, global uncertainties and their impact on the rupiah persuaded BI to keep rates on hold in November, Rao says. BI's expectations of the U.S. Fed rate cycle has shifted, and now projects fewer U.S. rate cuts next year, Rao notes. The Indonesian central bank remains wary of the impact on the currency, while the U.S. election results will likely encourage it to remain cautious, Rao says. DBS expects 75bps of cuts next year. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
November 20, 2024 23:33 ET (04:33 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。