0331 GMT - Indonesia's central bank is expected to keep its benchmark seven-day reverse repo rate unchanged at 5.75% this week, according to six out of nine economists polled by The Wall Street Journal. The other three economists expect Bank Indonesia to cut the rate by 25 bps to 5.50%. While inflation data gives Bank Indonesia room to ease, rupiah weakness amid fiscal concerns, sluggish growth, and equity outflows may prevent a rate cut, DBS economists Taimur Baig and Samuel Tse say in a note. The currency remains the region's worst performer year-to-date, failing to strengthen even as the global dollar index corrects, they add. The BI rate decision is due Wednesday. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 23:31 ET (03:31 GMT)
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