MNI China Daily Summary: Wednesday, June 19

MNI BRIEF: Rate Changes Affect Eurozone More Than US Firms-ECB

MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bank Indonesia To Announce Monetary Policy Decision

IDR

Spot USD/IDR has moved higher as broader risk aversion, linked to the global coronavirus situation, has lent support to USD/Asia. The rate sits +63 pips at IDR14,133, with bulls looking to take out Nov 13 high/23.6% retracement of the Sep 11 - Nov 10 slide at IDR14,222/14,227 before taking aim at the 38.2% Fibo retracement level at IDR14,365. Bears need a fall under Nov 10 low/round figure of IDR14,004/14,000 to regain control and open up Jun 8 low of IDR13,873.

  • Little of real note from Pres Joko Widodo, who spoke at the APEC summit. Jokowi advertised his flagship omnibus law, noting that it will have major impact on investment.
  • Bank Indonesia delivers its MonPol decision later today and a narrow majority of analysts sees interest rates unchanged. In a BBG survey, 14 out of 26 economists said they expect the central bank to stand pat, while 11 predicted a 25bp rate cut.
  • On Friday, focus moves to Indonesia's BoP current account balance.
EM BulletBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.