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.
“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.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.