Free Trial

INDONESIA: GDP Surprises to the Downside. 

INDONESIA
  • Indonesia’s third quarter release today was lower than the market expected.
  • At +4.95% it was moderately below expectations of +5.00%, and the prior print of +5.05%.
  • The QoQ number declined also to +1.50% from 3.79% for the previous quarter.
  • The Central Bank left rates on hold at their last meeting on October 16,
  • In the data releases since, CPI has continued to moderate.
  • The GDP miss today is moderate and likely not enough to indicate a rate cut at the next Central Bank meeting on November 20. 
85 words

To read the full story

Close

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.
  • Indonesia’s third quarter release today was lower than the market expected.
  • At +4.95% it was moderately below expectations of +5.00%, and the prior print of +5.05%.
  • The QoQ number declined also to +1.50% from 3.79% for the previous quarter.
  • The Central Bank left rates on hold at their last meeting on October 16,
  • In the data releases since, CPI has continued to moderate.
  • The GDP miss today is moderate and likely not enough to indicate a rate cut at the next Central Bank meeting on November 20.