BENGALURU, Nov 21 (Reuters) - Bank Indonesia (BI) will leave its key policy rate unchanged at 6.00% on Thursday and likely keep it at that level until at least mid-2024, according to a Reuters poll of economists in which a few respondents still expected another rate hike.
"Bank Indonesia is likely to keep rates unchanged this month.
In a Nov. 14-20 Reuters poll, a strong majority of economists, 27 of 31, expected Indonesia's central bank to keep its benchmark key interest rate (IDCBRR=ECI) unchanged at 6.00% on Thursday.
While 12 of 28 put the key rate at 6.00% at the end of June, five had a 6.25% forecast and three had 6.50%.
"Our base case is for the first BI rate cut in Q3 2024 ...
Persons:
Radhika Rao, Brian Lee Shun Rong, Susobhan Sarkar, Veronica Khongwir, Milounee Purohit, Paul Simao
Organizations:
Bank Indonesia, Bank, greenback, U.S . Federal, U.S ., DBS, Reuters, Maybank, Thomson
Locations:
BENGALURU, Asia's, Bank Indonesia