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14 Jul 2020

Indonesia: BI to keep rates unchanged this week – UOB

Lee Sue Ann, Economist at UOB Group, gives her views on the upcoming Bank Indonesia (BI) meeting.

Key Quotes

“BI cuts its policy rate by 25bps in June to 4.25%. The move was aimed to support the slowing economy amidst negative ramifications from the COVID-19 pandemic. Given the low inflationary pressure, anchored FX stability, and the continuous need to boost economic growth, we expect another 25bps of rate cut in 3Q (likely in August), bringing the benchmark rate to 4.00%.”

“Risk to our forecast remains on the downside given the lingering uncertainty”.

Jul 14, 2020

EUR/JPY to visit the June high at 124.44 on a break above the 122.13 key resistance – Credit Suisse

EUR/JPY has surged higher for its expected retest of pivotal resistance from the top of its sideways range at 121.96/122.13. Above this level, the pai
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Jul 14, 2020

European Monetary Union Industrial Production w.d.a. (YoY) below expectations (-20%) in May: Actual (-20.9%)

European Monetary Union Industrial Production w.d.a. (YoY) below expectations (-20%) in May: Actual (-20.9%)
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