Regulatory Series on Cryptocurrencies: US-CFTC Sues Naveda Company in $11 Million Cryptocurrency Fraudulent Scheme
Australia’s rise in September employment remains smallest in seven months; jobless rate likely to drift higher in near-term
BI likely to lower policy rate by 25bp to support growth amid increasingly fragile global economy, says Scotiabank
Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal
U.K. headline inflation remains unchanged at 1.7 pct in September, likely to stay below 2 pct in near-term
China likely to maintain full year growth at 6.0 pct in 2019, unless GDP growth falls below 5.5 pct y/y in Q4, says ANZ Research
Swedish jobless rate remains unchanged at 7.4 pct in September, wage growth unlikely to pick up soon
Bank Indonesia likely to cut key interest rate by 25 bps in September
Bank Indonesia is set to meet tomorrow for its interest rate decision. According to a DBS Bank research report, the Indonesian central bank is expected to cut its key interest rate by 25 basis points.
The central bank has repeated its concern over deceleration of growth and high frequency indicators have pointed towards slower growth in the second half of 2019. Moreover, inflation has stayed benign and the Indonesian rupiah has strengthened by 1.9 percent after regional peers since the last policy meeting.
“We see that the timing of further cut(s) will depend more on Rupiah stability, as a result of the dynamics between current account deficit, which is likely to remain wide in 2H19, and capital inflows”, added DBS Bank.