MNI: PBOC Net Injects CNY141.9 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Thurs; -0.93% Y/Y

CHINA PBOC CONDUCTS CNY470.1 BLN VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1934 THURS VS 7.1935

MNI China Daily Summary: Wednesday, November 20

MNI BRIEF: Chinese Aluminium Exporters To Renegotiate Prices

EZ/UK Bond Supply Calendar: Spain, France Auction; UK Tender

US EIA: CRUDE OIL STOCKS EX SPR +0.54M TO 430.3M NOV 15 WK

MNI: US MBA: MARKET COMPOSITE +1.7% SA THRU NOV 15 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

INDONESIA: Indonesia Country Wrap:  BI on Hold as Rate Window Closes. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • Bank Indonesia (“BI”) kept rates on hold yesterday at 6.00% overnight with I Governor Warjiyo indicated in his press conference that given the Bank’s focus on maintaining currency stability, the prospects of further cuts has now narrowed (source:  MNI – Market News).
  • Indonesia’s current account deficit narrowed in the third quarter  to US$2.15bn, significantly below economists’ estimates of US$2.948bn. (source:  MNI – Market News).
  • Indonesia’s Jakarta Composite was up today, marking only fifth positive day this month, rising +0.25%
  • IDR : the currency saw significant weakness following the BI’s hold, weaker by -0.50% to be the worst performer of its Asian peers today.
  • Bonds: yields across all maturities were higher today with the 5 year the biggest underperformer up +4bp to 6.754% and the 10 year up 3bps to 6.929%.
127 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.
  • Bank Indonesia (“BI”) kept rates on hold yesterday at 6.00% overnight with I Governor Warjiyo indicated in his press conference that given the Bank’s focus on maintaining currency stability, the prospects of further cuts has now narrowed (source:  MNI – Market News).
  • Indonesia’s current account deficit narrowed in the third quarter  to US$2.15bn, significantly below economists’ estimates of US$2.948bn. (source:  MNI – Market News).
  • Indonesia’s Jakarta Composite was up today, marking only fifth positive day this month, rising +0.25%
  • IDR : the currency saw significant weakness following the BI’s hold, weaker by -0.50% to be the worst performer of its Asian peers today.
  • Bonds: yields across all maturities were higher today with the 5 year the biggest underperformer up +4bp to 6.754% and the 10 year up 3bps to 6.929%.