Another Indonesian Interest Rate Cut

March 19, 2020

Officials at Bank Indonesia reduced the 7-day reverse repo rate by 25 basis points to 4.5%. There was also a 25-basis point cut in February and a full percentage point of reduction in four moves during the second half of last year. Taken together all but 25 basis points of the 175-bp of tightening in 2018 has been reversed. Inflation in Indonesia is still lower than officials want, and they are ramping up intervention to support the rupiah.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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