Bank Indonesia

September 22, 2017

A follow-up cut in the seven-day reverse repo rate to 4.25% was announced today. An earlier cut a month ago of 25 basis points had been the first reduction since the sixth such move in 2016 was made in October. While easing today, Indonesian monetary officials claimed that their rate had now fallen to their estimation of a neutral level, which suggests another pause in policy. Indonesian growth is expanding again, and inflation is hovering below 4%.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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