In the view of UOB Group’s Economist Lee Sue Ann, the Bank Indonesia (BI) could raise its key rates by 25 bps at the upcoming gathering on Thursday.

Key Takeaways

“The end of the current hiking cycle is imminent as we have alluded to before.”

“We keep our BI rate forecast for a terminal rate of 6.00% that is likely to occur this month, though there is an increasing risk that Jan’s rate hike might be the last one for the current hiking cycle.”