Bank Indonesia (BI) projects Indonesia's economic growth in the third quarter of 2022 to reach 5.5 percent (yoy) or higher than that in the 2022 second .
While the hike in policy interest rates is almost certain, analysts and economists have different opinions on the extent of the rate hike. It varies between 25 basis points to 50 basis points.
RBI monetary policy: The central bank in April slashed the GDP growth projection for 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.