Indonesian Rate Cut Cycle Likely Over Due to War, Economists Say

Bank Indonesia’s monetary easing cycle has likely come to an end, economists say, scrapping earlier calls of as many as two more interest-rate cuts this year.

Indonesia’s central bank is expected to go on an extended pause, and potentially even hike rates, as it shifts its focus to ensuring price and currency stability in the face of a deepening conflict in the Middle East, according to analysts.