Bank Indonesia hike bets rise as MSCI reclassification fears weigh on rupiah

Bloomberg · 4 hours ago
Bank Indonesia hike bets rise as MSCI reclassification fears weigh on rupiah
  • Analysts expect Bank Indonesia to face pressure to raise interest rates next week.
  • MSCI Inc. has warned about reclassifying Indonesia's stock market, raising fears that the country's emerging-market status is at risk.
  • Fears over Indonesia's emerging-market status are driving foreign capital outflows that weigh on the rupiah.