Weekly Report | 11 Jul 2022
With large export portion, Energy and Basic Materials led sectoral strengthening last week. The steady depreciation of
With large export portion, Energy and Basic Materials led sectoral strengthening last week. The steady depreciation of
Inflation Above Target and Rupiah at 15,000. US PCE Core Deflator in May was up +0.3% MoM (+4.7% YoY); still high
BI 7 DRRR at 3.50%, Maintaining 2Q22 GDP. Other than low May CPI at 2.58% YoY (Vs. BI’s target of 3+/- 1%), NHKSI
The Fed’s hawkish stance ineffective, and inflation still high. The US CPI MoM increased 1.0% (Vs. Apr. 0.3% MoM), even
Investors anticipate BI’s Dovish Stance. JCI was closed higher by 1.6% in the past week, as foreign investors booked a
Rupiah volatility as BI Board of Governors’ Meeting and FOMC Meeting Minutes approach will influence JCI’s movement
BI 7DRRR was maintained at 3.50%. Investors started to pay close attention to the Bloomberg survey, projecting BI to
Investors will pay close attention to the release of April inflation data which is projected to be 0.83% MoM or 3.34%
Investors started to observe Bloomberg’s survey for the next May’s FOMC meeting, which projects an increase to the Fed’s