# Bank Indonesia likely to keep policy rate steady this week, says DBS Bank | EconoTimes

> DBS Bank expected Bank Indonesia to keep its policy rate steady the week of June 12, 2017, despite a slightly disappointing Q1 GDP reading. Official reserve assets reached a record $125 billion as of May, suggesting the central bank has been intervening to limit rupiah strength. DBS said a rate hike later in 2017 could be needed if the Fed proceeds with normalization.

- Date: 2017-06-12 · published 2017-06-12T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/70830-bank-indonesia-likely-to-keep-policy-rate-steady-this-week-says-dbs-bank
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Reserve accumulation and a possible future rate hike point to a managed rupiah, which affects the cost of imported feed ingredients for Indonesian buyers.

## Sources

- econotimes.com: https://econotimes.com/Bank-Indonesia-likely-to-keep-policy-rate-steady-this-week-says-DBS-Bank-749793

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.