Economists believe Indonesia's central bank would raise its key interest rate faster

Which is currently 4.75%, will increase by a full percentage point by March.

Which has recently been under some pressure, Bank Indonesia is likely to increase rates by 100 bps.

With yearly predictions increased to 4.36% & 4% in 2022 and the following year.

Respectively, inflation for such current quarter is anticipat to average 5.88% instead of the previously observe 5.15%.

According to Eve Barre, an economist at Coface, "export markets favourably contributed to the economy's performance in recent quarters, aided by strong commodity prices.

But a notable downturn in global trade could make Indonesia lose a significant driver of GDP growth next year."