Bank Indonesia in Focus as IDR Slump Sparks Rate Hike Speculation -- Market Talk

Dow Jones04-24

0111 GMT - Bank Indonesia is in focus on speculation that it could deliver a surprise rate hike today to boost the rupiah. Still, OCBC economists' base case is for BI to stand pat. A 25bp hike likely won't be enough to stem IDR depreciation, they say, noting that impact of past hikes to support the IDR didn't last, particularly against a volatile external backdrop. "Importantly, we believe the trade-off between higher policy rates and growth is becoming sharper," Lavanya Venkateswaran says in a note. The global backdrop remains volatile as markets keep repricing Fed rate cut views and geopolitical tensions persist. Growth concerns may also start to take precedence as Indonesia's GDP slows. Though inflation has been bumpy, it doesn't warrant tighter monetary policy yet, OCBC adds. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 21:11 ET (01:11 GMT)

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Still, OCBC economists' base case is for BI to stand pat. A 25bp hike likely ...</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":"SG9999004360.SGD","symbol_name":"Nikko AM Shenton Thrift Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429664178","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429664178","pubTimestamp":1713921060,"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":{"SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0181495838.USD":"施罗德新兴亚洲A Acc","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK6523":"ESG概念","BK6516":"银行与投资服务概念","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","BK4168":"多种金属与采矿","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999013478.USD":"利安新加坡股息基金","LU0251143029.SGD":"Fidelity ASEAN A-SGD","IDR":"Idaho Strategic Resources Inc","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","O39.SI":"华侨银行","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","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","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999001689.USD":"施罗德亚洲成长股票","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0048573645.USD":"富达东盟基金","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999002406.SGD":"利安新加坡信托基金","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD"},"translate_title":"印尼盾暴跌引发加息猜测——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IDR":1,"O39.SI":0.7},"content_text":"0111 GMT - Bank Indonesia is in focus on speculation that it could deliver a surprise rate hike today to boost the rupiah. 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