Bank Indonesia Says Rupiah to Dictate Rate-Easing Cycle
- Rupiah strength, stability will give indication of easing room
- Macroprudential policy likely to stay expansive through 2025
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Indonesia’s central bank said it will look to the rupiah’s stability to decide on its interest-rate easing cycle in the second half.
“The key is for the rupiah to strengthen in a consistent manner until it stabilizes around a level that indicates inflation is no longer a concern,” Governor Perry Warjiyo said in a briefing near Bandung, West Java on Saturday.