Analysts at TD Securities note that Bank Indonesia cuts its 7 day reverse repo rate by 25bp to 5.0% as expected. Key Quotes “Low inflation, a stable to firmer currency and weaker activity provided sufficient reason to cut rates again. BI kept its forecasts broadly unchanged, seeing GDP below the midpoint of its 5%-5.4% range while inflation is expected to be below the midpoint of its 2.5%-4.5% range.” “BI noted they will monitor global and local growth, suggesting a more data dependent approach going forward. We see scope to ease again, with at least another 50bps likely in this 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 Draghi speech: Overal assessment of negative rates clearly positive FX Street 3 years Analysts at TD Securities note that Bank Indonesia cuts its 7 day reverse repo rate by 25bp to 5.0% as expected. Key Quotes "Low inflation, a stable to firmer currency and weaker activity provided sufficient reason to cut rates again. BI kept its forecasts broadly unchanged, seeing GDP below the midpoint of its 5%-5.4% range while inflation is expected to be below the midpoint of its 2.5%-4.5% range." "BI noted they will monitor global and local growth, suggesting a more data dependent approach going forward. We see scope to ease again, with at least another 50bps likely in this… 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.
