Indonesia cuts rates again, but is it enough?

JAKARTA - Bank Indonesia (BI) has cut all three of its interest rate instruments by 25 basis points for the third straight policy meeting. The delivery of further monetary policy support comes after 11 separate stimulus packages from the Government.

Although policy co-ordination between the Government and BI is evident, ANZ comments that it has yet to see whether enough has been done to address weakness in private and public investment.
“With this in mind, an additional 25-50 bps of easing now seems likely in 2016,” ANZ says.  www.live.anz.com (ATI).