Indonesia Central Bank's Next Rate Cuts Hinge on Rupiah's Performance -- Market Talk

Dow Jones03-24

0639 GMT - The potential for Bank Indonesia to resume cutting rates depends on how the rupiah performs, Barclays economists write in a note. There was already significant uncertainty around the timing of when BI would further cut rates before the Middle East conflict broke out. The rupiah has been pressured since earlier this year, partly due to fiscal concerns. Global investors may focus on how much additional subsidy spending the government incurs to keep a lid on rising energy prices. The BI would likely be confident in cutting again if the rupiah strengthens or remain stable against the dollar. (amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 02:39 ET (06:39 GMT)

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