Friday, February 17, 2017

BI May Still Cut Key Policy Rate In 2017

Economic Research
17 February 2017

Economic Update

Bank Indonesia’s (BI) board of governors maintained the BI 7-day (Reverse) Repo rate – the benchmark policy rate – at 4.75% on 16 Feb 2017. Moving forward, albeit with increasingly limited room, we believe BI could still cut its key policy rate by another 25bps in 2017, to support economic growth under stable IDR circumstances on:
1. Moderate inflationary pressure;
2. Manageable current account deficit.

Economist:  Rizki Fajar| +6221 2970 7065

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