Macro Strategy: The Conflation of Currency Risk and Fiscal Frailty
The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.
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Macro Strategy: The Headwinds And Tailwinds
US facing headwinds with the latest Beige Book indicating a dimmer outlook, while China’s stimulus brings new hope of growth revival.
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Macro Strategy: Insights from Monetary and Fiscal Policies
BI’s key message signals greater stability ahead, with the intermediary function staying robust. Rising SRBI yields led to higher foreign inflows.
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BRIDS Weekly Update Economic & Fixed Income Research Monday, February 26 , 2024
Fiscal spending is on the move, with Jan expenditure surging 30.2% y-y despite a 7.2% decline in revenue. We anticipate further growth in Feb.
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Macro Strategy: Assessment on the Growth and Rates Outlook
GDP grew 5.04% in 4Q23, slightly ahead of expectations. Modest Household consumption growth was offset by higher investment.
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