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INDONESIA: Country Wrap:  Rates on Hold to Defend the Rupiah. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • BI says will guard rupiah 'boldly' to build market confidence (source: BBG)
  • Indonesia Holds Key Rate to Bolster Falling Rupiah Currency (source: BBG)
  • Indonesia Weighs Deep Cuts to Nickel Mining to Boost Prices (source: BBG)
  • Indonesian Supreme Court Upholds Sritex Bankruptcy Ruling (source: BBG)
  • Indonesia’s Jakarta Composite is bucking regional downtrends today to be up +0.25% yet it remains on trace for the largest weekly decline for the year down -4.50%.
  • IDR: has been the centre of attention for the Central Bank, defending on several occasions over the last week.  It is trying to hold onto positive returns for the day up +0.09%, but is set to finish the week down -1.7%
  • Bonds: a mixed day for bond yields with the front end higher, whilst longer dated rallied.  The worst performer was the 5YR +2.4bp to 7.051% whilst the best performer was the 7YR -1.8bp lower at 7.09%. 
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  • BI says will guard rupiah 'boldly' to build market confidence (source: BBG)
  • Indonesia Holds Key Rate to Bolster Falling Rupiah Currency (source: BBG)
  • Indonesia Weighs Deep Cuts to Nickel Mining to Boost Prices (source: BBG)
  • Indonesian Supreme Court Upholds Sritex Bankruptcy Ruling (source: BBG)
  • Indonesia’s Jakarta Composite is bucking regional downtrends today to be up +0.25% yet it remains on trace for the largest weekly decline for the year down -4.50%.
  • IDR: has been the centre of attention for the Central Bank, defending on several occasions over the last week.  It is trying to hold onto positive returns for the day up +0.09%, but is set to finish the week down -1.7%
  • Bonds: a mixed day for bond yields with the front end higher, whilst longer dated rallied.  The worst performer was the 5YR +2.4bp to 7.051% whilst the best performer was the 7YR -1.8bp lower at 7.09%.