Indonesia's central bank surprises with rate cut amid weakening currency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
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Source: SeekingAlpha
Interest Rate Cut: Bank Indonesia has unexpectedly reduced its benchmark interest rate by 25 basis points to 5.75%, the first cut since September 2024, despite market expectations for it to remain at 6%.
Economic Outlook: The central bank revised its growth forecast for 2025 down to 4.7%-5.5% due to concerns over economic momentum and a weakening rupiah, which is currently trading at its lowest against the USD since July 2024.
Analyst Views on IDX
Wall Street analysts forecast IDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IDX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 16.940
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
