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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.
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Free AccessCPI Trending Lower
- Indonesia CPI came in a 2.13% versus survey of 2.37% and last month's print of 2.51%.
- Having peaked in Q3 2022, inflation appeared to be in control in Indonesia until 2Q 2024.
- 2Q 2024 saw an unexpected revival in inflation, creating concerns for investors.
- At a time where fiscal prudence was under the microscope given the change in government, the rise in inflation again was concerning investors.
- The central bank raised rates in April in the face of this, at a time when developed market central banks remained on hold.
- Today’s number likely gives some breathing space to the Central Bank ahead of any likely cut in rates from the Federal Reserve.
- Following overnight moves in global bond markets, local markets were already trending lower in yield.
- Today’s CPI print underpinned that move lower in yield, paving the way for a potential move by the Central Bank following clarity from the Federal Reserve.
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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.