8 August 2022
The economy grew impressively, BI remained Dovish. Indonesia's GDP 2Q22 YoY grew expansive up to 5.44% (Vs. Surv. 5.17%; 1Q22 5.01%), reassuring BI to remain Dovish and maintain the momentum of the gradual domestic economy recovery, in addition to Core CPI which was maintained below 3%YoY.
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5 August 2022
SUN Benchmark Flat ahead of 2Q22 GDP Data Release. Apart from observing geopolitical tensions between China-Taiwan, investors are looking forward to the release
of Indonesia's 2Q22 GDP data which is projected to grow 5.20% YoY (Vs. 1Q22 5.01% YoY). Benchmark SUN yield FR0091 edged up 1.2 bps to 7.19%.
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4 August 2022
SUN Benchmark Relatively Flat Amid Rupiah Depreciation. The rupiah depreciated or traded above the IDR14,900/USD level, triggered by the Risk On investors in the Safe Haven Greenback.
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3 August 2022
Positive economic data sentiment supported bids for SUN auctions. DJPPR data shows bids for SUN auctions reached IDR 36.9 trillion, higher than the previous SUN auction of IDR 29.5 trillion.
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2 August 2022
BI still has room to hold BI 7DRRR. A number of domestic economic data supported the market yesterday, such as: S&P Global Indonesia Manufacturing PMI in July which continued to expand or at the level of 51.3 (Jun. 50.2); and July's Core CPI YoY of 2.86% (Jun. 2.63%) or still within BI's target of 2%-4%, making BI still have room to hold back the BI 7DRRR.
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