Markets are still waiting for US June inflation data and a Fed speech, while surging oil prices limit the rupiah's gains.
Series: Indonesia · Sovereign Credit Rating · 3 chapters since Jul 13Economists see tighter liquidity competition as rupiah deposit rates rose to 2.70% in May, up from 2.65% in April.
Economists say any cut would reach gas stations only gradually because the exchange rate, distribution costs, margins and taxes also affect prices.
May spending in the Mandiri Spending Index rose to 123.2, while foreign capital flows into government bonds remained positive.