Bank Indonesia to hold rates steady at 4.75% on November 19, cut next month: Reuters poll

Mădălin Mihai

BENGALURU :Bank Indonesia will hold its key interest rate steady again on Wednesday to limit pressure on the rupiah while it presses commercial banks to lower lending rates and assess the impact of previous rate cuts on the economy, a Reuters poll of economists showed. Last month, when BI unexpectedly paused its easing cycle, Governor Perry Warjiyo said the priority was to get private banks to reduce lending rates to ease pressure on businesses and households who are struggling due to weak