Nomura Securities: Indonesia's Central Bank Likely to Maintain Interest Rate at 4.75% This Year

On April 15, Nomura Securities economists reported that Indonesia's central bank is likely to keep its policy rate unchanged at 4.75% throughout the year, as it remains focused on stabilizing the Indonesian rupiah. According to Jin10, the bank maintained its rate in March and adopted a more hawkish stance, dismissing earlier expectations of a rate cut later this year. Nomura stated, 'Currently, we do not anticipate a rate hike by Indonesia's central bank, but if balance of payments pressures intensify and the bank's reserve adequacy indicators decline significantly, the risk will increase.'