Barclays: The timing of Bank Indonesia’s next rate cut depends on the performance of the rupiah

```htmlGolden Ten Data reported on March 24 that economists from Barclays Bank pointed out in a report that whether the Indonesian central bank can further lower interest rates depends on the movement of the rupiah. Even before the outbreak of the Middle East conflict, there was significant uncertainty regarding when the Indonesian central bank would cut rates again. Since the beginning of this year, the rupiah has been under pressure, partly due to fiscal concerns. Global investors may pay attention to the scale of additional government subsidy spending aimed at controlling rising energy prices. If the rupiah appreciates or remains stable against the US dollar, the Indonesian central bank may have the confidence to cut interest rates again.```