November 07, 2024 05:11 GMT
INDONESIA: Bond Wrap: Central Bank Sees Room to Cut.
INDONESIA
- The central bank still sees room for more rate cuts, the near-term focus will be on maintaining rupiah stability, Bank Indonesia Governor Perry Warjiyo told parliament on Wednesday (source: BBG).
- Indonesia plans to cancel as much as $550 million of bad loans owed by small businesses to drive new lending and boost growth in Southeast Asia’s largest economy (source: BBG).
- The equity market was very weak today with the Jakarta Composite down -1.18% as bond yields rose at the front end.
2yr 6.548% (+2bp) 5yr 6.768% (-1bp) 10yr 6.782% (+1bp) 30yr 6.965% (-0.5bp)
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