USD/IDR: BI to eventually shift its intervention level higher to 15,500 – Credit Suisse USDIDR Indonesia Fed Banks
Bank Indonesia will eventually shift its USD/IDR intervention “red line” of 15,000
“We expect BI to hike the repo rate by 25 bps on 22 September. This ‘slow tightening’ by BI leaves USD/IDR subject to upward pressure as the Fed hikes more rapidly and BI shifts its intervention levels higher. As such, we raise our USD/IDRBI Preview: Forecasts from six major banks, hiking 25 bps to contain inflation expectations
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