Indonesian central bank governor: Fed expected to cut interest rates twice more this year, 25 basis points each time

The Governor of the Indonesian Central Bank said that the change in expectations for the Fed's rate cut is a matter of time, but this will only affect the yield rate. It is still expected that the Fed will cut interest rates twice more this year, each time by 25 basis points; it is expected that the Fed may cut interest rates 3-4 times next year, each time by 25 basis points. (Jinshi)