Forecasts from six major banks, vigilant on external risk

Bank Indonesia (BI) will hold the monthly governor board meeting on 22-23 June. Here you can find the expectations as forecast by the economists and researchers of six major banks regarding the upcoming central bank’s decision. The BI is expected to hold its benchmark seven-day reverse repurchase rate unchanged at 3.50%, however, there is still … Read more

Consumer Confidence ticked higher in May – UOB

Economist at UOB Group Enrico Tanuwidjaja evaluates the Consumer Confidence gauge in Indonesia. Key Takeaways “Indonesia’s Consumer Confidence Index rose to an all-time high of 128.9 in May, up by 15.8pts from Apr’s 113.1.” “The Current Economic Condition Index improved to 116.4 in May from Apr’s 98.9.” “Consumer sentiment generally remains upbeat on the economy … Read more

Inflation picked up pace in May – UOB

Economist at UOB Group Enrico Tanuwidjaja reviews the latest inflation figures in Indonesia. Key Takeaways “May’s headline inflation jumped to 3.6% y/y in May vs 3.5% in Apr, while core inflation stayed the course at 2.6%.” “Significant increases in cooking oil, meat, egg, fresh fish and red onion, as well as overall transportation prices, especially … Read more

Rupiah jumps to three-week high near $14,500 after Indonesia inflation

USD/IDR takes offers to snap three-day uptrend, drops to the multi-day low. Indonesia Inflation eased in May, Core Inflation also dropped below forecasts. US dollar retreat, mixed sentiment enable sellers to take controls. USD/IDR stands on slippery ground near a three-week low even as Indonesia’s inflation softened in May. In doing so, the Indonesia rupiah … Read more

BI keeps rates unchanged – UOB

Economist at UOB Group Enrico Tanuwidjaja reviews the latest interest rate decision by the Bank Indonesia (BI). Key Takeaways “Bank Indonesia (BI) kept its benchmark rate (7-Day Reverse Repo) unchanged at 3.50% at its May MPC meeting. According, BI maintained the Deposit Facility rate at 2.75% as well as the Lending Facility rate at 4.25%.” … Read more