According to Jinshi Data, economists from Singapore's OCBC Bank predict that Indonesia's GDP growth may slow down in the coming quarters, with an average growth rate of 4.7% in 2025.
The rupiah has appreciated 2.7% against the dollar. If it remains strong, the central bank may cut interest rates by 25 basis points at its May meeting, with the policy rate expected to be 5.25% by the end of 2025.
Trade talks with the United States have made progress and local political noise has eased, but the recovery in market sentiment has been limited.