October 17, 2024 05:20 GMT
INDONESIA: Bond Wrap.
INDONESIA
- Indonesia’s central bank kept its key interest rate steady as expected, pausing an easing cycle as external risks drag on the rupiah currency (source: BBG).
- Bank Indonesia sees room for further monetary easing while keeping in mind the outlook for inflation, rupiah exchange rate and economic growth, Governor Warjiyo says, after it kept the key rate steady on Wednesday. Policy focus in the short-term is the rupiah’s stability (source: BBG).
- Equity markets reacted well to the Central Bank decision with the Jakarta composite up +0.91% and 10-year yields lower.
2yr 6.393% (+1bp) 5yr 6.417% (-0.5bp) 10yr 6.658% (-2bp) 30yr 6.937%
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