The movement of JCI this week will be influenced by Bank Indonesia Board of Governors’ Meeting for the April period. By consensus, BI-7DRRR is projected to stay at 3.5%, despite the slow downward trend of bank lending rate. In the global market, releases of US economic data such as the weekly jobless claim and Manufacturing PMI will give a clearer picture of the economic recovery. Investors will pay close attention on this to be aware of the potential for further capital outflows.
Download full report HERE.