Central Bank Watch
Bank Indonesia
October 19, 2023
Officials at Bank Indonesia sprung a surprise 25-basis point interest rate hike on investors to 6.0%. There had been just one previous increase in 2023, also of 25 basis points way back in January that had at the time seemed to culminate 200 basis points of tightening during 2022. Indonesian consumer price inflation is currently […] More
New Overnight Developments Abroad - Daily Update
A Further Surge in Market Interest Rates Ahead of Biden & Powell Speeches Later Today
October 19, 2023
The 30-year Treasury yield jumped to a new high overnight of 5.07%, and the 10-year Treasury gained 7 basis points and is within 3 basis points of 5.00% versus 3.68% at the start of 2023. Surging interest rates continue to drain enthusiasm from stocks. Share prices overnight tumbled 2.5% in Hong Kong, 1.9% in Japan […] More
