Insight

Goldman: 4 More Rate Cuts by Bank Indonesia This Year

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Algo Research Team

Market | Apr 22, 2025 | Views: 920

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Key Summary:

  • Goldman Sachs sees Asia as most impacted from US tariff
  • Expectation of slower GDP growth across Asian economies
  • Sees Bank of Indonesia to cut 100bps to terminal rate of 4.75%

After US tariff announcements this month, Goldman Sachs has downgraded growth expectations in Asia, including Indonesia, as the region is hit with relatively higher tariffs compared to the rest of the world.


Context: Goldman Sachs has downgraded 2025 GDP forecasts across Asian economies by around -0.1ppt to -1.2ppt provided that the latest tariffs policies stay in place.

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