After surprising the markets with a 25bps rate cut, the Bank Indonesia’s Governor continues to speak at the presser, with the further comments found below. Policy rate decision is consistent with low inflation outlook. Decision also to support GDP growth, cushion economy from global economic slowdown. Looking forward, central bank to continue with “accommodative policy mix”. Consideration for rate cut also includes attractiveness of Indonesian assets for foreign investors. We have to take preemptive move to anticipate global economic slowdown. Interest rate cuts aimed at stimulating demand for loans. To continue to explore macroprudential tools that can be loosened. Inflation seen around 3% in 2020. Aggregate demand is seen below aggregate supply in next 2 years. The USD/IDR pair is seen resuming its recent declines, having failed to sustain the bounce around 14,240 region to now retest the three-day lows of 14,225. 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 AUD/USD traded with modest losses, holds above mid-0.6700s FX Street 4 years After surprising the markets with a 25bps rate cut, the Bank Indonesia's Governor continues to speak at the presser, with the further comments found below. Policy rate decision is consistent with low inflation outlook. Decision also to support GDP growth, cushion economy from global economic slowdown. Looking forward, central bank to continue with "accommodative policy mix". Consideration for rate cut also includes attractiveness of Indonesian assets for foreign investors. We have to take preemptive move to anticipate global economic slowdown. Interest rate cuts aimed at stimulating demand for loans. To continue to explore macroprudential tools that can be loosened. Inflation… 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.
