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Bank Indonesia Says It May Start Rolling Back Burden Sharing Scheme Next Year


Spot USD/IDR has held a narrow range and last operates -3 figs at IDR14,326. Bears look for a dip through Feb 16 low of IDR14,253 towards Dec 24 low of IDR14,187. Conversely, a break above Feb 7 high of IDR14,408 would open up Jan 31 high of IDR14,420.

  • USD/IDR 1-month NDF last seen -36 figs at IDR14,346. Bears look for losses past Feb 15 low of IDR14,255, with bulls looking to a move through Feb 7 high of IDR14,461.
  • Bank Indonesia is getting closer to starting to unwind its debt monetisation (so called "burden-sharing") programme. In a weekend interview with BBG, Governor Warjiyo said "it is likely that we will roll back our government bond holding starting next year." The official added that Bank Indonesia could sell the bonds or re-circulate them through reverse repo operations.
  • Danareksa Research's gauge of consumer confidence is expected to hit the wires over the coming days, possibly as soon as today.

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