Indonesia: BI could start normalizing its monetary policy soon – UOB

Enrico Tanuwidjaja, Economist at UOB Group, reviews the latest bank Indonesia (BI) event.

Key Takeaways

“BI kept rates unchanged at its first meeting of the year at 3.5%.”

“However, RRR hike is expected to start in March, signalling normalization has begun.”

“We keep our view for BI to start hiking in H2 2022 to reach 4.5% by the end of this year.”