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2025-09-15 10:30:10
[JPMorgan Chase: Indonesia's central bank may remain on hold and choose an opportunity to ease further under a cautious stance] JPMorgan Chase said that Indonesia's central bank is likely to choose to remain cautious and wait for further easing of foreign exchange market volatility before restarting the policy rate cut in October. The agency adjusted its original forecast of a 25 basis point rate cut to maintain interest rates unchanged at this Wednesday's meeting. Economist Jin Tik Ngai pointed out in the report that the volatility of the Indonesian rupiah has increased due to the recent domestic political situation. But he also emphasized that even if the central bank maintains the policy interest rate unchanged at this meeting, the easing cycle will continue considering Indonesia's weak macroeconomic fundamentals. This view is confirmed by various economic data such as the significant slowdown in manufacturing output. JPMorgan Chase maintains its expected target of lowering the benchmark interest rate to 4.25% by the end of the year.
