We maintain our expectations for BI to hike its benchmark interest rate by 25bps to 5.00% before end-2017 as inflation continues to pick up, posing downside risks to the IDR as real yields head in favour of the greenback. Bank Indonesia (BI) held its benchmark seven-day reverse repo rate (7-day RR rate) unchanged at 4.75% at its monthly monetary policy meeting on 19-20 July. At the same time, t…