JCI movement this week is expected to fluctuate in the range of 6,800-7,000. Statistics Indonesia (BPS) will release the Trade Balance data on Tuesday (15/03), where the Bloomberg consensus survey estimates surplus to continue at USD 2.1 billion; from the previous month’s position at USD 930 million. The focus of market will also be on the meeting of the Federal Reserve, where the benchmark interest rate is expected to rise to a range of 0.25%-0.5%. Furthermore, Bank Indonesia is also scheduled to announce the results of the Board of Governors’ Meeting, with a survey of economists predicting the BI-7DRRR benchmark interest rate to continue to be maintained at 3.5%.

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