摩根大通：印尼央行或按兵不动，谨慎立场下择机再宽松

Core Viewpoint - JPMorgan indicates that the Bank of Indonesia is likely to remain cautious and wait for further stabilization in the foreign exchange market before resuming interest rate cuts in October [1] Economic Outlook - The recent domestic political situation has led to increased volatility in the Indonesian rupiah, as noted by economist Jin Tik Ngai [1] - Despite the central bank maintaining the policy rate in the upcoming meeting, the weak macroeconomic fundamentals suggest that the easing cycle will continue [1] - Significant slowdown in manufacturing output and other economic data support this perspective [1] Interest Rate Projections - JPMorgan has adjusted its previous forecast for a 25 basis point cut to a hold on rates in the upcoming meeting [1] - The firm maintains its year-end target for the benchmark interest rate to be reduced to 4.25% [1]