MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y

MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

MNI Bank Indonesia Preview - October 2022: A Close Call But 50bp Expected

EXECUTIVE SUMMARY:

  • Bank Indonesia (BI) meets on October 20 and economists are projecting it to raise rates 50bp again, but the forecast is not unanimous. Of the 31 economists surveyed by Bloomberg 19 expect rates to be raised by 50bp, 11 by 25bp and 1 by 100bp.
  • In September, BI said that it raised rates by an unexpected 50bp to be forward-looking and pre-emptive and this could be behind its monetary policy decision making again this month, especially as it was behind the rest of Asia in starting its tightening cycle.
  • Inflation, growth and FX policy were also given as reasons for the September move and can all be used again to justify either a 25bp or 50bp rate hike. On balance, though, the current environment suggests a further 50bp move to 4.75%, but there is a high probability that they could opt for a more moderate 25bp.

For the full piece, see here: BI Preview - October 2022.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.