By Stefanno Sulaiman and Gayatri Suroyo
JAKARTA (Reuters) -Several economists said on Thursday that they expected more aggressive easing by Indonesia’s central bank after this week’s surprise rate cut, with many noting the governor’s determination to boost growth in Southeast Asia’s biggest economy.
All 31 economists polled by Reuters had expected Bank Indonesia to stand pat, but the central bank on Wednesday cut its benchmark rate again by 25 basis points to 4.75%, against the backdrop of growing investor concerns about the country’s fiscal discipline and the bank’s independence.
The rupiah fell 0.5% against the U.S. dollar by midday break on Thursday, responding to BI’s unexpected move as well as the Federal Reserve’s rate cut. The stock index hit a fresh all-time high on positive gro