Asia Economics Update Indonesia’s impressive upswing to stay on track Indonesia’s Q3 GDP growth accelerated to 4.2% y/y and all the key indicators point to a further pick up in coming quarters, with domestic demand leading the way. We are very positive on the outlook... 10th November 2009 · 1 min read
Asia Economics Update Bank Indonesia stays on hold but rate hikes still close Bank Indonesia (BI) left its policy rate at 6.5% today, as expected. The neutral bias was retained too, probably with the aim of trying to curb rupiah appreciation. Rupiah strength is relevant to the... 4th November 2009 · 1 min read
Asia Economics Update Bank Indonesia holds rates but probably not for much longer Bank Indonesia (BI) left its overnight lending rate at 6.5% today, as expected, and retained its neutral bias. But inflation looks set to rise sharply over the next few months and we believe that the... 5th October 2009 · 1 min read
Asia Economics Update First Indonesia rate hike likely in Q1 2010 Bank Indonesia (BI), as expected, today left its overnight lending rate at 6.5%, the first no change since mid-2008. The policy statement was neutral. BI is now more confident that Indonesia’s upswing... 3rd September 2009 · 1 min read
Asia Economics Update Focus turns to timing the first rate hike in Indonesia Bank Indonesia cut its key overnight lending rate by 25bps to 6.5% today as we and the consensus expected. While the accompanying statement leaves the door open for further cuts we think that rates... 5th August 2009 · 1 min read
Asia Economics Update Indonesia: Election result looks good for growth President Susilo Bambang Yudhoyono (SBY) almost certainly has done enough to avoid a September run-off in Indonesia’s presidential elections. The result is good for Indonesia’s economy and markets... 9th July 2009 · 1 min read
Asia Economics Update Indonesia: more easing ahead Bank Indonesia (BI) cut its key overnight lending rate by 25bps to 7% today, in line with our and consensus expectations. While many analysts believe that rates have bottomed out, we maintain our view... 3rd June 2009 · 1 min read
Asia Economics Update Indonesia: more tightening in the pipeline Indonesia’s latest round of fuel price hikes was designed to safeguard fiscal sustainability and is therefore positive in the long run. However, a worsening near-term inflation outlook is likely to... 28th May 2008 · 1 min read
Asia Economics Update Will Indonesia buck the trend and raise rates? The recent equities and government bonds sell-off in Indonesia has prompted comparisons with an episode in August 2005, when concerns over the fiscal impact of rising oil prices triggered a similar... 8th April 2008 · 1 min read
Asia Economics Focus Has Indonesia turned a corner? Indonesia has come a long way since the Asian crisis of 1997-98, but for the most part of this last decade it has been a story of underperformance. With appropriate macroeconomic policies and further... 11th February 2008 · 1 min read
