FX Weakness Opens Door to Extended Rate Pause at Bank Indonesia -- Market Talk

Dow Jones12-20 12:48

0448 GMT - Continued currency pressures could keep Bank Indonesia on a prolonged rate pause, UOB economists say. BI seems unsettled by the depreciation of the rupiah in the face of USD strength fueled by shifting expectations around the Fed's policy, says economist Enrico Tanuwidjaja. BI this week said that it is monitoring rising uncertainty, particularly on potential changes in the U.S. fiscal and economic policies, as well as shifting Fed rate views. BI has been managing the IDR by maintaining supply-demand balance in the FX market to bolster market confidence, UOB notes. Given this uncertainty and likely a long period of USD strength, UOB now expects BI to remain on hold until 2H 2025, with the possibility of two 25bp cuts per quarter, bringing the policy rate to 5.50% by year-end. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

December 19, 2024 23:48 ET (04:48 GMT)

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BI seems unsettled by the depreciation of the rupiah in the face of USD strength fueled...</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":"LU0048597586.USD","symbol_name":"富达亚洲焦点A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492686504","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492686504","pubTimestamp":1734670080,"columns":[],"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":{"LU0048597586.USD":"富达亚洲焦点A","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0048573645.USD":"富达东盟基金","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK6112":"综合性银行","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","BK6516":"银行与投资服务概念","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999013478.USD":"利安新加坡股息基金","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD"},"translate_title":"外汇疲软为印尼央行延长暂停利率打开了大门——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US7Y.BOND":0.7,"US10Y.BOND":0.7,"US12M.BOND":0.7,"US2Y.BOND":0.7,"US30Y.BOND":0.7,"US3Y.BOND":0.7,"US5Y.BOND":0.7,"US6M.BOND":0.7},"content_text":"0448 GMT - Continued currency pressures could keep Bank Indonesia on a prolonged rate pause, UOB economists say. 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