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Bank Indonesia to stand pat on its monetary policy this Thursday – Reuters poll

According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is seen keeping rates on hold at its policy review this Thursday.

Key Findings:

“Twenty-two of 25 economists in the poll expected BI to hold the 7-day reverse repurchase rate steady at 5.00%, at its first policy meeting of the year.

Three economists expected a 25-basis point cut.

BI estimates the economy will expand around 5.1%-5.5% this year, slightly faster than last year’s projected 5.1% rate - the first-time growth has slowed in four years.”

  • USD/IDR Price Analysis: Pierces two-week-old falling trendline

USD/IDR Price Analysis: Pierces two-week-old falling trendline

USD/IDR rises to 13,665 ahead of the European session on Tuesday. In doing so, the pair crosses a fortnight-old descending trend line.
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GBP/USD ignores Brexit plays at the House of Lords ahead of UK employment data

GBP/USD pair extends the previous day’s recovery while taking the bids to 1.3015 ahead of the London open on Tuesday.
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