Analysts at TD Securities suggest that following 100bp of policy hikes since mid-May, they expect Bank Indonesia to stand pat at this meeting, leaving the 7 day reverse repo rate at 5.25%. Key Quotes “In particular, IDR stability since the 29 June meeting will reduce the incentive to hike again. BI is now likely to wait to ascertain the impact of previous hikes. Inflation remains well contained, just below the mid point of BI’s target range, suggesting no urgency to hike again so soon. That said, we still see risks of another hike by BI in Q3, especially if IDR pressures re-emerge.” 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 US: Will it pull out of the World Trade Organization? – Nomura FX Street 5 years Analysts at TD Securities suggest that following 100bp of policy hikes since mid-May, they expect Bank Indonesia to stand pat at this meeting, leaving the 7 day reverse repo rate at 5.25%. Key Quotes "In particular, IDR stability since the 29 June meeting will reduce the incentive to hike again. BI is now likely to wait to ascertain the impact of previous hikes. Inflation remains well contained, just below the mid point of BI's target range, suggesting no urgency to hike again so soon. That said, we still see risks of another hike by BI in Q3, especially if IDR… 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.
