November 19, 2024 05:11 GMT
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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