FW: [Maybank] IDR – End Of Easing Cycle?

 

GBL: IDR – End Of Easing Cycle? FX Flash by Saktiandi Supaat FX Research BI cut its benchmark 7-day reverse repo rate by 25bp to 4.25% at its 22 Sep policy meeting. This is the second 25bp cut to the policy rate this year, bringing the total reduction to 50bp. At the same time, the deposit and lending facility rates were also both cut by 25bp to 3.50% and 5.00% respectively. The BI move was a surprise as consensus, including our economic team, had been expecting the status quo to be maintained ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.