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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.
INDONESIA
- After recently stating that Indonesia has successfully controlled the COVID-19 pandemic, the government set the 2023 growth target at 5.3% .
- Jokowi also mentioned that he sees 2023 inflation at 3.3% (from current 4.94% level).
- *INDONESIA ESTIMATES 10Y GOVT BONDS AVG. YIELD AT 7.9% IN 2023 (bbg)
- We previously saw that with a 10Y real yield currently at +2.1%, Indonesia is the EM country offering the second highest 10Y real yield (after South Africa), which has been limiting the downside risk on the domestic currency.
- Countries with 'deep' negative real yields (i.e. CEE including Turkey) have seen their domestic currency weakened dramatically this year.
- IDR is down by 3.5% in 2022, while the DXY index is up by nearly 12%.
- TRY and HUF have been the worst performing currencies, down 26% and 18%, respectively.
Source: Bloomberg/MNI
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.
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