汇丰银行-印尼-银行业-印尼银行业削减-20170922-hsbc-bank indonesia cuts second time’s a charm.pdfVIP

Economics - Data Reactions 22 September 2017 Bank Indonesia cuts Joseph Incalcaterra Second times a charm Chief Economist, ASEAN The Hongkong and Shanghai Bank Indonesia surprised the market by cutting the 7-day reverse repo rate (RRP) Banking Corporation Limited by 25bps to 4.25%, its second consecutive rate cut. The cut was a response to still- +852 2822 4687 joseph.f.incalcaterra@.hk subdued lending activity and lower-than-expected inflation, in particular food price inflation (which fell to 1.5% y-o-y in July and August). Although its policy stance View HSBC Global Research at: remains neutral, BI left open the possibility of further easing, which it stated would be contingent on inflation. We expect no change for the rest of 2017. Issuer of report Facts The Hongkong and Shanghai