Bank Indonesia Rate Cuts Should Be More Gradual Ahead -- Market Talk

Dow Jones11-21

0401 GMT - Bank Indonesia's reliance on rate cuts to support growth will lessen in the strong dollar environment, given its mandate for a strong rupiah, HSBC economists say. Instead, macro prudential easing and government policy reforms will be relied upon, they say. Bank Indonesia kept policy rates unchanged at 6% on Wednesday. HSBC expects no more rate cuts in 2024 but continues to forecast three rate cuts in 2025 spread between 1Q and 2Q, bringing the policy rate to 5.25% by June versus its earlier projection by March. This quantum of easing will strategically leave policy rates slightly higher than prepandemic levels, given more volatile exchange rates over the last few years, HSBC adds. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 23:01 ET (04:01 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485484716?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 12:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485484716","market":"other","top_or_hot":-1,"title":"Bank Indonesia Rate Cuts Should Be More Gradual Ahead -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0401 GMT - Bank Indonesia's reliance on rate cuts to support growth will lessen in the strong dollar environment, given its mandate for a strong rupiah, HSBC economists say. Instead, macro prudential easing and government policy reforms will be relied upon, they say. Bank Indonesia kept policy rates unchanged at 6% on Wednesday. HSBC expects no more rate cuts in 2024 but continues to forecast three rate cuts in 2025 spread between 1Q and 2Q, bringing the policy rate to 5.25% by June versus its earlier projection by March. This quantum of easing will strategically leave policy rates slightly higher than prepandemic levels, given more volatile exchange rates over the last few years, HSBC adds. (monica.gupta@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 23:01 ET (04:01 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank Indonesia Rate Cuts Should Be More Gradual Ahead -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank Indonesia Rate Cuts Should Be More Gradual Ahead -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0401 GMT - Bank Indonesia's reliance on rate cuts to support growth will lessen in the strong dollar environment, given its mandate for a strong rupiah, HSBC economists say. Instead, macro prudential ...</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":"LU2236285917.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485484716","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485484716","pubTimestamp":1732161660,"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":"0401 GMT - Bank Indonesia's reliance on rate cuts to support growth will lessen in the strong dollar environment, given its mandate for a strong rupiah, HSBC economists say. Instead, macro prudential easing and government policy reforms will be relied upon, they say. Bank Indonesia kept policy rates unchanged at 6% on Wednesday. HSBC expects no more rate cuts in 2024 but continues to forecast three rate cuts in 2025 spread between 1Q and 2Q, bringing the policy rate to 5.25% by June versus its earlier projection by March. This quantum of easing will strategically leave policy rates slightly higher than prepandemic levels, given more volatile exchange rates over the last few years, HSBC adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","BK1572":"香港银行股","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK4588":"碎股","BK4207":"综合性银行","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","HSHD.SI":"HSBC HK SDR 5to1","BK1610":"ETF&股票定投概念","03143":"华夏香港银行股","HSBA.UK":"汇丰控股有限公司","BK1601":"香港本地股","00005":"汇丰控股","HSBC":"汇丰","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK4521":"英国银行股","BK4585":"ETF&股票定投概念","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","BK1231":"综合性银行"},"translate_title":"印尼央行降息应更加渐进——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00005":0.9,"HSBA.UK":0.6,"HSHD.SI":0.6,"HSBC":0.6,"03143":0.6},"content_text":"0401 GMT - Bank Indonesia's reliance on rate cuts to support growth will lessen in the strong dollar environment, given its mandate for a strong rupiah, HSBC economists say. Instead, macro prudential easing and government policy reforms will be relied upon, they say. Bank Indonesia kept policy rates unchanged at 6% on Wednesday. HSBC expects no more rate cuts in 2024 but continues to forecast three rate cuts in 2025 spread between 1Q and 2Q, bringing the policy rate to 5.25% by June versus its earlier projection by March. This quantum of easing will strategically leave policy rates slightly higher than prepandemic levels, given more volatile exchange rates over the last few years, HSBC adds. (monica.gupta@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 23:01 ET (04:01 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485484716"}