Today’s cut marked the resumption of Bank Indonesia’s rate-cutting cycle. Analysts at ANZ Research forecast a further rate cut. USD/IDR is trading at 13811.30. Key quotes “BI cut its policy rate by 25bp to 4.75% following a three-month pause today.” “BI may not be done with easing just yet. BI governor Perry Warjiyo stated in his press conference that the central bank will maintain an accommodative stance, and notably, BI now sees a >50% chance of a US Fed rate cut by September.” “The combination of sluggish growth and benign inflation suggests BI is likely to favour easing a little further. We now expect one more 25bp rate cut in the central bank’s easing cycle.” 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 Japan’s Nishimura: Biggest concern now is impact from coronavirus outbreak, USD/JPY takes out 112 FX Street 2 years Today’s cut marked the resumption of Bank Indonesia’s rate-cutting cycle. Analysts at ANZ Research forecast a further rate cut. USD/IDR is trading at 13811.30. Key quotes “BI cut its policy rate by 25bp to 4.75% following a three-month pause today.” “BI may not be done with easing just yet. BI governor Perry Warjiyo stated in his press conference that the central bank will maintain an accommodative stance, and notably, BI now sees a >50% chance of a US Fed rate cut by September.” “The combination of sluggish growth and benign inflation suggests BI is likely to favour easing a little… 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.
