Indonesia: No urgency to hike - TDS

Analysts at TD Securities expect no change in policy from Bank Indonesia at its meeting on 17 January.

Key Quotes

“At the policy meeting on 20 December 18, BI kept policy unchanged as expected. Since then there has been little to suggest any further hikes are on the cards after the surprise November 18 hike. Indeed Governor Warjiyo is reported to have said recently that the benchmark rate is near its peak. As such, we think BI may be moving to a period of status quo on policy.”