INSIDE INDONESIA: Rupiah Extends Drop; Rate Cut Possible: BofA ~ Bloomberg

9:13 AM | January 5, 2016 BERITA No Comments
  • BofAML sees possible 25 bps rate cut by Bank Indonesia at Jan. 14 meeting, given low inflation and weak growth, if rupiah remains stable; Dec. CPI data yesterday showed inflation falling to 3.35% from 4.89% previous month largely on base effects
  • Rupiah drops 0.3% to 13,959, testing 100-DMA resistance
  • Global funds were net buyers of $6.1m in local equities yesterday, according to exchange data; net buyers of 421b rupiah ($30m) in Indonesian bonds on Dec. 31: finance ministry data
  • Govt considers pushing back metal concentrate export deadline
  • Groundbreaking of Jakarta-Bandung high-speed train project scheduled for Jan. 21, Cabinet Secretary Pramono Anung says
  • Indonesia cuts fuel prices
  • Yield on 8.375% govt bonds due Sept. 2026 rose 2 bps to 8.780% yesterday, according to IDMA data