Pantheon Macroeconomics

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  • The BSP surprised yesterday with another 25bp cut to its policy rate, as it rejigged its growth views…
  • …But the weakness in business confidence has been in play for a while; we now see two more cuts.
  • Indonesian retail sales growth is starting to revive more noticeably, but headwinds are intensifying.

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Keywords for: 10 October 2025 Emerging Asia Monitor

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