JAKARTA - Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming - and one sees a possible trim next month.
A slowing global economy and halt of U.S. Federal Reserve policy tightening have shifted rate cut expectations in much of Asia to probable from possible. “The conditions for BI to unwind its earlier rate hikes are finally starting to come together,” Tan said. But Antonius Permana of Bank Negara Indonesia cautioned that the current account gap may widen again in April-June, which could delay a BI cut.
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