1121 GMT - Indonesia's central bank is likely to push the timing of its next rate cut, Goldman Sachs economists say after policymakers stood pat amid a still-high degree of global uncertainty. "We are pushing back our expectation of a rate cut to 2Q," Rina Jio and Andrew Tilton say in a note. Risks are tilted toward a more delayed rate cut, depending on the dollar's trajectory as well as domestic fundamentals, they say. Bank Indonesia continues to see global growth at 3.2% this year, and real GDP growth of 4.7%-5.5% at home. It committed to keeping the rupiah stable by intervening in the market to ride the uncertainties, with BI's governor attributing IDR's weakness to "technical factors" mainly due to global uncertainties, GS notes. The next BI meeting is due in April. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 07:22 ET (11:22 GMT)
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