Bank Indonesia cut its policy rate by 25bps – TD Securities
|Mitul Kotecha, senior emerging markets strategist at TD Securities, notes that Bank Indonesia has cut its policy rate by 25bp to 5.50% and remains accommodative.
Key Quotes
“We see scope for further easing, and expect another 50bp of cuts in Q4.”
“BI is clearly pushing a growth agenda, allied with the government.”
“Global factors will have an important bearing in magnitude of easing.”
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