MNI BOE WATCH: Narrow Path To Aug Cut, Wary Messaging Likely

MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI CNB WATCH: Fine-Tuning Set To Start, But 50Bps 'In Play'

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

EZ/UK Bond Supply Calendar: 2.40% Nov-30 Bund Due Wednesday

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: 2.40% Nov-30 Bund Due Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

MNI Bank Indonesia Preview - February 2023: BI To Pause, May Be Done

EXECUTIVE SUMMARY

  • Bank Indonesia is widely expected to leave rates unchanged at 5.75% at its February 16 meeting. This would be the first pause since tightening began in August and BI's tone indicates that it sees the terminal rate at 5.75%. In its January statement it said that the 225bp of cumulative tightening would be “sufficient to ensure core inflation remains within the 3.0%±1% target corridor” and that headline inflation would return to it in H2 2023.
  • January inflation data eased, consistent with BI expectations, and data on cost and price pressures in the PMI also showed a moderation. BI noted that the recent appreciation in the currency should also help return inflation to target through lower import prices.
  • Rates are likely on hold now with the next move a cut but if expectations for Fed rates are revised up, then the risk is that Bank Indonesia will need to resume tightening to stabilise the IDR.

For the full piece, see here.

BI Preview - February 2023.pdf

Asia Bank - PreviewHomepageBank of Indonesia - PreviewEM Central Bank ReportsEM Central Bank PreviewEmerging Market News

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.