News
Bank Indonesia expected to keep benchmark 1-month rate at 8.00%
Tuesday, but higher-than-expected inflation in April has raised
specter of rate hike as early as June, say economists polled by Dow
Jones. Central bank's been reluctant to hike rate on concerns this
would hurt growth; instead, it has been intervening in FX market to
reduce im****ted inflation. But with risk of inflation rising, Bank
Indonesia likely will have no option but hike 25 bps in June, says
Bank Danamon economist Anton Gunawan
