Rupiah Slump May Keep Bank Indonesia Rate Cuts at Bay Until 2025 [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Most Read from Bloomberg Taylor Swift Is Proof That How We Critique Music Is Broken Tech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap Tesla Stock in ‘No Man's Land' After 43% Rout Ahead of Earnings Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Biden's New Chopper Is Demoted After Scorching White House Lawn Twenty of 21 economists polled by Bloomberg expect Bank Indonesia to delay rate cuts, with most expecting an easing in the fourth quarter and a few as late as the January-March period. In other words, the central bank is more likely to stand pat on Wednesday, according to 30 of 41 analysts in a separate survey, with the remainder penciling in the possibility of a quarter-point hike in the BI-Rate to 6.25%. The survey results underline how the bar for rate cuts is getting higher across emerging Asia as a resurgent dollar and risk aversion wreak havoc on the region's currencies. The pressure is even more acute for BI, whose prime mandate is to ens
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