Market News
Bank Indonesia to hold rates on April 23 as FX concerns outweigh growth risks: Reuters poll
Summary
- All but two expect rates to be on hold at 5.75% on April 23
BENGALURU, April 21 (Reuters) - Bank Indonesia will hold interest rates steady on Wednesday to support the under-pressure rupiah, despite growing concerns of slowing economic growth driven by U.S.-led trade policies, a Reuters poll of economists found.
With the rupiah down more than 4% this year, and hovering near a record low, the central bank will probably remain cautious about rushing into a cut.
