USD/IDR NDFs seeing very brief, very.....>

DOLLAR-IDR: USD/IDR NDFs seeing very brief, very modest upticks on the latest

move from Bank Indonesia which saw them cut the guaranteed max deposit rate for

IDR by 25bp, to 6.00%. Potentially a push back against recent USD/IDR weakness

by fighting some of the carry, but the moves in the NDFs were shallow and

seemingly fleeting, even as the move surprised most.

- To recap: Bank Indonesia left their MonPol settings unchanged on Thursday, in

line with majority of expectations. The Bank's Governor, Warjiyo, noted "is

there room to cut rates? Yes. Will Bank Indonesia use it? Not yet"

- Also worth noted that Fitch affirmed Indonesia's credit rating at BBB; outlook

stable overnight.