BI sees little urgency in adjusting monetary policy

BOP surplus is also forecast to inch upwards.

OCBC Treasury Research noted:

BI indicated that BOP surplus is likely to inch upwards to USD 1.5bn in Q4, despite the current account likely still in the deficit. Separately, BI Deputy Governor Sarwono said that there is little urgency to lift the FASBI deposit rate or adjust its monetary policy at this juncture.

Meanwhile, the Indonesian constitutional court has ruled the existence of energy regulator BPMigas as unconstitutional and has transferred the authority to regulate the energy industry straight back to the government, Chief Econ Minister Rajasa said that there will be no uncertainties concerning the oil & gas sector and that everything will run as usual.