Indonesia Inflation Outlook May Support Rate Cut in 3Q -- Market Talk
Dow Jones
Jul 01, 2025
0703 GMT - Indonesia's inflation outlook may remain subdued despite a June slight uptick, paving the way for a potential rate cut in 3Q, UOB economist Enrico Tanuwidjaja says in a note. With 1H inflation averaging just 1.18% on year, the economist lowers his full-year forecast to 2.2% from 2.4%. He expects weak consumer confidence and external uncertainty to keep demand sluggish. A relatively stable rupiah and easing price pressures strengthen the case for Bank Indonesia to cut rates by 25 bps to 5.25% in 3Q, UOB adds.(yingxian.wong@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 03:03 ET (07:03 GMT)
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