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JPMorgan: The Indonesian Central Bank may prioritize currency stability.
On March 20, Jin Tik Ngai, an analyst at JPMorgan, stated in a report that the Central Bank of Indonesia may lower the policy interest rate by 25 basis points to 5.50% in June, provided that the country's onshore dollar liquidity and forex reserves improve. He believes that if the United States' tougher trade policies suppress the global economic growth outlook, it may prompt the Central Bank of Indonesia to consider further easing policies. The bank seems committed to future interest rate cuts to support economic growth, but in the recent policy decisions of the central bank, maintaining exchange rate stability will take precedence over economic growth.