ANZ analysts note that the Bank Indonesia (BI) has kept its 7-day reverse repo rate at 6.00% today. Key Quotes “Neither was there much in the policy statement and press conference that suggested an urgency to act at the next meeting. However, we are of the view that conditions for BI to partially unwind its 2018 rate hikes are coming together, given the stability in the rupiah, a fall in currency volatility, prolonged US Fed hold, improving trade balance and benign domestic inflation.” “We therefore continue to expect BI’s reverse repo rate to fall to 5.50% by end-2019 from 6.00% currently, but see risks that the moves will come in later than our expectations of May and August this year.” 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 EUR/GBP sees further consolidation around 0.8650 FX Street 4 years ANZ analysts note that the Bank Indonesia (BI) has kept its 7-day reverse repo rate at 6.00% today. Key Quotes "Neither was there much in the policy statement and press conference that suggested an urgency to act at the next meeting. However, we are of the view that conditions for BI to partially unwind its 2018 rate hikes are coming together, given the stability in the rupiah, a fall in currency volatility, prolonged US Fed hold, improving trade balance and benign domestic inflation." "We therefore continue to expect BI's reverse repo rate to fall to 5.50% by end-2019 from 6.00%… 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.