0504 GMT - Bank Indonesia could cut rates twice by 25 bps each in 2Q and 3Q, bringing the policy rate to 5.25% where it could remain for the rest of 2025, UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen say in a note. Based on BI's recent signals, it remains optimistic about Indonesia's economic resilience amid steady consumption and investment demand, despite internal and external headwinds, they note. They think BI's stance could indicate the potential for further cuts, but the timing will depend on economic conditions. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 00:05 ET (05:05 GMT)
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