UOB Group’s Economist Enrico Tanuwidjaja reviews the latest interest rate decision by the Bank Indonesia (BI).
Key Takeaways
“Bank Indonesia (BI) delivered a back-to-back 50 bps rate hike in October MPC meeting, in line with market expectation, to 4.75%.”
“BI said that the decision is a front-loaded, pre-emptive, and forward-looking step to anticipate and mitigate the risk of rising…