Pantheon Macroeconomics

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8th Jul 2025 09:17Emerging AsiaDaily Monitor

  • The BNM made its first rate cut in five years, reducing the overnight policy rate to 2.75% from 3.00%.
  • The Bank is clearly prioritising weak consumption and exports above the risk of re-sparking inflation.
  • Indonesian retail sales remain subpar in spite of the May bounce; no early signs of a stimulus boost.

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Keywords for: 10 July 2025 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence