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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Bank Indonesia kept its policy rate on hold at 7.50% at its June meeting which was in line with consensus. The lending facility and deposit facility rates remained unchanged at 8.00% and 5.50%, respectively.
BI announced that it will ease macro-prudential policy to support growth - consistent with its guidance last month.
For one, BI is likely to relax loan-to-value requirements for property next week - likely from 60% to 70% and drop the minimum down-payment requirement for motorcycle buyers - in an attempt to increase credit growth, says Barclays.
BI is also likely to expand the definition of deposits in the LDR calculation to include investment grade bonds issued by lenders.
"The easing to be structured in a way that encourages banks to lend to smaller companies. In tandem, the government plans to raise its allocation for interest subsidies for smaller companies to IDR1trn (from IDR0.4trn) in order to lower the effective loan rate for SMEs to 12%", added Barclays.
These measures are expected to increase loan growth, which slowed to 10.2% in April, far below BI's target of 15-17% for the year.
