Bank Indonesia Likely to Keep Rates Steady After Recent Hikes to Maintain Price Stability Amid Volatile Markets

Bank Indonesia deputy governor signals steady rates to maintain price stability after past hikes.

Central bank bought bonds to stem selloff in markets as rupiah falls to lowest since December.

Markets volatile due to external factors like hawkish Fed comments, not Indonesia economy.

Analysts expect BI to hold rates at 5.75% at upcoming meeting to rein in inflation.

Indonesia's economic growth could reach around 5% this year, midpoint of BI's official forecast.