ANZ analysts note that Bank Indonesia (BI) has cut its 7-day reverse repo rate by 25bp to 5.50% today, marking the second straight month it lowered its policy rate. Key Quotes “The decision reflects BI’s desire to support economic growth pre-emptively, and the governor has signalled that the central bank will maintain an accommodative policy stance.” “The combination of sluggish growth, benign inflation, a more synchronised global central bank easing cycle and the IDR’s stability today despite the rate cut suggests BI has more scope to cut its policy rate.” “We are now pencilling in a more aggressive easing cycle and expect BI to lower its policy rate by 50bps to 5.00% by end-2019 (as opposed to our earlier forecast of 5.25% by Q1 2020).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD continues to grind lower – Westpac FX Street 4 years ANZ analysts note that Bank Indonesia (BI) has cut its 7-day reverse repo rate by 25bp to 5.50% today, marking the second straight month it lowered its policy rate. Key Quotes "The decision reflects BI's desire to support economic growth pre-emptively, and the governor has signalled that the central bank will maintain an accommodative policy stance." "The combination of sluggish growth, benign inflation, a more synchronised global central bank easing cycle and the IDR's stability today despite the rate cut suggests BI has more scope to cut its policy rate." "We are now pencilling in a more aggressive easing cycle… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
