Consumer prices gained 5.31 percent last month, exceeding the 4.81 percent median estimate in a Bloomberg survey, official data released March 1 showed. DBS Group Holdings Ltd., Southeast Asia's largest lender, expects the central bank to increase its interbank deposit rate, or Fasbi, in coming months due to quicker inflation, analysts led by David Carbon wrote in a research note yesterday. Bank Indonesia meets on March 7 to review its policy rate.
"The steepening curve is just an effect of inflation as investors seek security in the shorter tenors," said Herdi Wibowo, head of debt capital markets at PT BCA Sekuritas in Jakarta, a unit of the nation's largest bank by market value. "There is a possibility that the Fasbi may be raised by 25 to 50 basis points in the first half."
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