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INDONESIA: Country Wrap:  All Eyes on the BI. 

INDONESIA
  • The Central Bank of Indonesia (the BI) holds its meeting later with consensus for no change from economists with 14 of 35 opting for a cut.    The BI has one eye on the currency, which in a positive day for its regional peers, sees the rupiah weaker leading into the meeting.   The rupiah has fallen 3% over the last 3 months, yet the BI pointed to the 1% fall in January as signs it was stabilizing.   (source: MNI – Market News)
  • Indonesia’s Jakarta Composite is down -0.40% ahead of the BI, reversing some of the near 3% gain in the first part of the week.
  • IDR:   weaker by -0.507% at 16,361.
  • Bonds:  a very quiet day ahead of the BI decision with the INGODG 10YR 6.767%. 
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  • The Central Bank of Indonesia (the BI) holds its meeting later with consensus for no change from economists with 14 of 35 opting for a cut.    The BI has one eye on the currency, which in a positive day for its regional peers, sees the rupiah weaker leading into the meeting.   The rupiah has fallen 3% over the last 3 months, yet the BI pointed to the 1% fall in January as signs it was stabilizing.   (source: MNI – Market News)
  • Indonesia’s Jakarta Composite is down -0.40% ahead of the BI, reversing some of the near 3% gain in the first part of the week.
  • IDR:   weaker by -0.507% at 16,361.
  • Bonds:  a very quiet day ahead of the BI decision with the INGODG 10YR 6.767%.