Indonesia Economy Tipped to Slow, Backing Central Bank Easing -- Market Talk

Dow Jones03-20

0924 GMT - Indonesia's economy will likely slow this year, validating the central bank's bias toward supporting growth and easing policy, OCBC economists say. They tip growth at 4.8% in 2024 versus 5.0% in 2023, citing fading commodity tailwinds, normalizing consumption after the election and a wait-and-see approach to investing. Bank Indonesia sees growth ranging at 4.7% to 5.5%. After BI stood pat again earlier Wednesday, OCBC reiterates its view for a cumulative 125 bps of rate cuts starting late 2Q, mirroring its view on the timeline of Fed rate cuts, economists Lavanya Venkateswaran and Ahmad A Enver write in a note. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

March 20, 2024 05:24 ET (09:24 GMT)

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After BI stood pat again earlier Wednesday, OCBC reiterates its view for a cumulative 125 bps of rate cuts starting late 2Q, mirroring its view on the timeline of Fed rate cuts, economists Lavanya Venkateswaran and Ahmad A Enver write in a note. 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They tip growth at 4.8% in 2024 versus ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0181495838.USD","symbol_name":"施罗德新兴亚洲A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420771661","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420771661","pubTimestamp":1710926640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0181495838.USD":"施罗德新兴亚洲A Acc","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6112":"综合性银行","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","SG9999001127.SGD":"United Singapore Growth Fund SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","SG9999002406.SGD":"利安新加坡信托基金","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","BK6516":"银行与投资服务概念","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","BK6523":"ESG概念","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","O39.SI":"华侨银行","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999001689.USD":"施罗德亚洲成长股票","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0048573645.USD":"富达东盟基金","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD"},"translate_title":"印尼经济放缓，支持央行宽松政策——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"O39.SI":0.79},"content_text":"0924 GMT - Indonesia's economy will likely slow this year, validating the central bank's bias toward supporting growth and easing policy, OCBC economists say. 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