Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, notes that Bank Indonesia left its policy (7 day reverse repo) rate unchanged as expected at 5.25% and maintained a “hawkish” stance. Key Quotes “BI stated they will maintain front loaded, pre-emptive policy, utilising their dual market intervention mechanism.” “BI also stands ready to stabilise IDR. However, IDR weakened following the rate decision, hitting its lowest level versus USD since Oct 15.” “We expect losses to be contained but much depends external factors, as CNH continues to lead Asian currencies lower.” “BI feels that the current policy rate is sufficient to attract capital flows and stem fund outflows.” “The proximity of elections next year is likely to limit the scope for hikes further out.” 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 Litecoin price analysis: LTC/USD back below $90.00 handle amid global short-term correction FX Street 5 years Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, notes that Bank Indonesia left its policy (7 day reverse repo) rate unchanged as expected at 5.25% and maintained a "hawkish" stance. Key Quotes "BI stated they will maintain front loaded, pre-emptive policy, utilising their dual market intervention mechanism." "BI also stands ready to stabilise IDR. However, IDR weakened following the rate decision, hitting its lowest level versus USD since Oct 15." "We expect losses to be contained but much depends external factors, as CNH continues to lead Asian currencies lower." "BI feels that the current policy rate is sufficient to… 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.
