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Bank Indonesia kicks off rate-cutting cycle – ANZ

ANZ analysts point out that the Bank Indonesia (BI) has cut its 7-day reverse repo rate by 25bp to 5.75% today.

Key Quotes

“The move reflects pipeline BI’s desire to boost growth and the governor signalled that further easing is in the pipeline.”

“Overall, we see an additional 50bp worth of cuts in the current easing cycle, with the next 25bp cut likely to materialise in Q4.”

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