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.”