印尼央行货币政策陷入两难境地

Core Viewpoint - The report highlights the dilemma faced by the Bank of Indonesia in monetary policy formulation due to high expansionary fiscal and monetary policies leading to potential inflationary pressures, which may be alleviated by the upcoming harvest season and strengthened government price controls [1][1]. Group 1: Monetary Policy Challenges - The Bank of Indonesia is expected to have room for further interest rate cuts to support economic growth, as inflation is projected to remain within the target range [1][1]. - Concerns over the depreciation of the Indonesian Rupiah may limit the central bank's ability to pursue a monetary easing cycle [1][1]. Group 2: Currency Performance - Since 2025, the Indonesian Rupiah has been the second worst-performing currency against the US dollar among emerging markets in Asia [1][1].