According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is expected to cut the benchmark interest rate at its policy review meeting this Thursday, resuming its easing cycle to cushion the negative economic impact of the coronavirus outbreak. Key Findings: “Sixteen of 28 economists in the survey expected BI to cut the benchmark 7-day reverse repurchase rate by 25 basis points (bps) to 4.75% at a two-day policy meeting that ends on Thursday. The other 12 predict BI will hold the rate at 5.00%. Advocates for leaving rates unchanged believe uncertainties caused by the coronavirus were a reason not to cut rates. Chief Economics Minister Airlangga Hartarto forecast an up to 0.3 percentage point reduction in Indonesia’s GDP growth this year if China’s growth lost between 1 to 2 percentage points.” USD/IDR rebounds from a three-day low of 13,652 and looks to regain the 13,700 level, at the time of writing. 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 Moody’s: Lowered our China growth forecast to 5.2% for 2020 vs. 5.8% previous FX Street 2 years According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is expected to cut the benchmark interest rate at its policy review meeting this Thursday, resuming its easing cycle to cushion the negative economic impact of the coronavirus outbreak. Key Findings: “Sixteen of 28 economists in the survey expected BI to cut the benchmark 7-day reverse repurchase rate by 25 basis points (bps) to 4.75% at a two-day policy meeting that ends on Thursday. The other 12 predict BI will hold the rate at 5.00%. Advocates for leaving rates unchanged believe uncertainties caused by the… 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.
