December 12, 2024 05:03 GMT
INDONESIA: Country Wrap: Budget Deficit Widens.
INDONESIA
- Indonesia’s state budget deficit widened to 401.8t rupiah as of end-Nov., equivalent to 1.81% of GDP, Finance Minister Indrawati says in briefing. (source: BBG)
- Inflation is projected to grow in January 2025 before declining in April 2025, according to the Retail Sales Survey of Bank Indonesia in November 2024. (source: IDN Financial News).
- Indonesia’s Jakarta Composite has had four successive days of positive returns but couldn’t sustain a fifth, down -0.7%.
- IDR: weakening bias resumes down -0.16% today at 15,945.
- Bonds: moderately higher yields with 10YR 6.952% (+1bp).
84 words