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INDONESIA: Waiting on the Central Bank.

INDONESIA
  • Bank Indonesia to keep rates steady on Nov. 20 to stabilize battered rupiah (source: Reuters)
  • Trump policies could cast shadow over Indonesia, Asia (source:  The Jakarta Post)
  • The RBI meeting tomorrow sees on 8 of 35 respondents in the BBG survey suggesting a rate cut.
  • The RBI is known for it’s ability to surprise thereby making most meetings live.
  • Indonesia’s Jakarta Composite snapped four successive days of decline to be up +0.90% today.
  • IDR opened stronger up +0.25% as profit takers cashed in on November’s performance in the USD causing it to weaken.
  • Bonds were strong on the day.  Whilst two-year yields drifted higher, the rest of the curve saw yields 1-3bps lower. 
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  • Bank Indonesia to keep rates steady on Nov. 20 to stabilize battered rupiah (source: Reuters)
  • Trump policies could cast shadow over Indonesia, Asia (source:  The Jakarta Post)
  • The RBI meeting tomorrow sees on 8 of 35 respondents in the BBG survey suggesting a rate cut.
  • The RBI is known for it’s ability to surprise thereby making most meetings live.
  • Indonesia’s Jakarta Composite snapped four successive days of decline to be up +0.90% today.
  • IDR opened stronger up +0.25% as profit takers cashed in on November’s performance in the USD causing it to weaken.
  • Bonds were strong on the day.  Whilst two-year yields drifted higher, the rest of the curve saw yields 1-3bps lower.