Bank Indonesia

Easter Holiday Over But Data Flow Still Low and Investors Are Risk Averse

April 19, 2022

Ten-year sovereign debt yields rose sharply this Tuesday with gains of nine basis points in Germany and Great Britain, eight bps in the Netherlands, six bps in France, Italy, Spain and Portugal, and four basis points  in the United States. Share prices plunged 5.3% in Russia, 2.7% in Taiwan, 2.3% in Hong Kong, 1.2% in […] More

Inflation and Russian Invasion of Ukraine Casting Longer Shadows

March 17, 2022

Equities behaved in a widely diverse way overnight after the Fed enacted the first of many rate hikes. Share prices closed up by 7.0% in Hong Kong, 3.5% in Japan, 3.0% in Taiwan, 1.8% in India, 1.7% in China, and 1.1% in Australia. But stock markets so far are down this Thursday by 1.0% in […] More

Several Central Banks Left Rates Steady, But Fresh Price Data Fan Concern

February 10, 2022

The Reserve Bank of India‘s repo and reverse repo rates were left unchanged at 4.0% and 3.35%. A released statement explains, “The MPC notes that inflation is likely to moderate in H1:2022-23 and move closer to the target rate thereafter, providing room to remain accommodative” And adds “the ongoing domestic recovery is still incomplete and […] More

Dollar Little Changed on Day that Saw Many Central Bank Meetings and Thick Menu of Released Data

January 20, 2022

The weighted dollar edged up by a marginal 0.1% overnight. It gained 0.1% against the euro and Swiss franc but is unchanged against the yen and sterling and down 0.1% versus the Canadian dollar. Stock market action in the Pacific Rim was widely varied, with Japan Nikkei and Hong Kong’s Hang Seng indices closing 1.1% […] More

A Parade of Central Bank Announcements and PMI Releases, Plus Another Strong U.S. Labor Market Indicator

December 16, 2021

The rally late yesterday in U.S. equities carried over into Thursday trading. Share prices rose 2.1% in Japan, 0.8% in China, 0.7% in Taiwan and 0.6% in South Korea. The British, German and French stock markets show gains so far of more than 1.0% today, and the DJIA has gone up by a further 0.6%. […] More

A Diversity of Central Bank Rate Decisions… Dollar and Equities Mixed

November 18, 2021

Central bank officials today cut Turkey’s one-week repo rate by 100 basis points, left record-low policy interest rates unchanged in the Philippines and Indonesia, and are widely expected to announce an interest rate hike in South Africa. This year’s unexpectedly sharp acceleration of inflation to multi-year and multi-decade highs around the world has overshadowed Covid […] More

Equities Trying to Rebound and Dollar Slips a Bit Ahead of Wednesday’s FOMC Announcement

September 21, 2021

The dollar is down 0.15% against the DXY weighted index. Dollar/yen is unchanged from Monday’s closing level, and the greenback lost 0.1% overnight against the euro and sterling and 0.4% relative to the loonie and Swiss franc. U.S. stocks had suffered their steepest daily loss on Monday since May, and share prices in other markets […] More

Divergent Trends Continue in Equities (Down) and the Dollar (Up)

August 19, 2021

Equity markets on Thursday tumbled 2.7% in Taiwan, 2.1% in Indonesia and Hong Kong, 1.9% in South Korea, 1.4% in Singapore, 1.1% in Japan but just 0.6% in China and 0.5% in Australia. In Europe thus far, share prices are down over 2.0% in Germany and France and by more than 1.5% in the U.K. […] More

Some Central Bank Developments and a Displeasing U.S. Labor Market Development

July 22, 2021

New U.S. jobless insurance claims last week totaled 419K, 51k greater than in the prior week, roughly 70k above street expectations, and the most in nine weeks. The news dampened the stock market euphoria of recent sessions. The dollar is little changed from its closing Wednesday levels, with dips of 0.1% against the euro, yen […] More

Parade of Other Central Banks

June 17, 2021

Markets had reacted late Wednesday to the Federal Reserve‘s signal that its initial interest rate hike is likely to occur during 2023, rather than 2024 as implied previously. Several other central banks had scheduled policy reviews whose results were learned subsequently. At the time of the opening of U.S. stock market trading on Thursday, the […] More

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