FW: [Maybank] IDR – End Of Easing Cycle

 

 

IDR – End Of Easing Cycle FX Flash by Saktiandi Supaat FX Research BI hiked its benchmark 7-day reverse repo rate by 25bp to 4.50% yesterday for the first time since Nov 2014. At the same time, the Deposit Facility and Lending Facility rates were also raised by 25bp to 3.75% and 5.25% respectively. This kept the interest rate corridor steady at 75bp on either side of the policy rate. The rate hike was accompanied by a relatively hawkish monetary policy statement in which the BI pledged to "implement stronger measures to maintain macroeconomic stability" if ... 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.