External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Macroeconomics

<ul><li>Compared with the volatile start of 2025, 2026 begins under markedly improved macro conditions.</li><li>Cooling inflation and moderating growth have shifted market expectations toward a more accommodative Federal Reserve, weakening structural support for a strong US dollar.</li><li>Liquidity conditions are easing, short-term yields remain contained, and higher long-term yields reflect risk premia rather than tighter monetary policy. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Compared with the volatile start of 2025, 2026 begins under markedly improved macro conditions.Cooling inflation and moderating growth have shifted market expectations toward a more accommodative Federal Reserve, weakening structural support for a strong US dollar.Liquidity conditions are easing, short-term yields remain contained, and higher long-term yields reflect risk premia rather than tighter monetary policy. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Monthly Update Economic & Fixed Income Research January 2026

Thematic (Sector/Industry)

<ul><li>The Fed held rates steady, signaling policy patience amid solid growth, balanced risks, and leadership transition shaping expectations.</li><li>Indonesia’s liquidity remains ample and transaction-driven, while credit growth stays selective, led by investment lending amid cautious households.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Fed held rates steady, signaling policy patience amid solid growth, balanced risks, and leadership transition shaping expectations.Indonesia’s liquidity remains ample and transaction-driven, while credit growth stays selective, led by investment lending amid cautious households.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Feb 2, 2026

<ul><li>Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability. </li><li>Recent SRBI yield moves reflect liquidity calibration, not tightening, keeping rate hikes unlikely while delaying potential rate cuts.</li><li>BI calibrates SRBI awards to balance liquidity and credit as limited FX intervention and seasonal USD demand pressure.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability. Recent SRBI yield moves reflect liquidity calibration, not tightening, keeping rate hikes unlikely while delaying potential rate cuts.BI calibrates SRBI awards to balance liquidity and credit as limited FX intervention and seasonal USD demand pressure.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jan 26, 2026

<ul><li>Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability.</li><li>Recent SRBI yield moves reflect liquidity calibration, not tightening, keeping rate hikes unlikely while delaying potential rate cuts.</li><li>BI calibrates SRBI awards to balance liquidity and credit as limited FX intervention and seasonal USD demand pressure.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability.Recent SRBI yield moves reflect liquidity calibration, not tightening, keeping rate hikes unlikely while delaying potential rate cuts.BI calibrates SRBI awards to balance liquidity and credit as limited FX intervention and seasonal USD demand pressure.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>IDR remains weak despite foreign inflows, driven by fiscal concerns, DXY rebound, and limited BI excess rupiah liquidity absorption.</li><li>Fed signals January rate hold as growth remains solid, labor cools, and easing potential points to later 2026.</li><li>US tariff uncertainty persists, but Indonesia remains largely insulated; adverse rulings may pressure USD , potentially easing pressure on IDR.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IDR remains weak despite foreign inflows, driven by fiscal concerns, DXY rebound, and limited BI excess rupiah liquidity absorption.Fed signals January rate hold as growth remains solid, labor cools, and easing potential points to later 2026.US tariff uncertainty persists, but Indonesia remains largely insulated; adverse rulings may pressure USD , potentially easing pressure on IDR.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jan 19, 2026

Indonesia 10Y (GIDR10YR INDEX)

BRIDS Monthly Update Economic & Fixed Income Research January 2026

Cooling inflation and moderating growth have shifted market expectations toward a more accommodative Federal Reserve, weakening structural support...

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Feb 2, 2026

The Fed held rates steady, signaling policy patience amid solid growth, balanced risks, and leadership transition shaping expectations.

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jan 26, 2026

Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability.

BRI Danareksa Research

Macro Strategy: Interpreting the Signals

Rising yields and weaker IDR renew rate-hike concerns, yet FX trends, liquidity conditions, and BI policy suggest low probability.

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jan 19, 2026

IDR remains weak despite foreign inflows, driven by fiscal concerns, DXY rebound, and limited BI excess rupiah liquidity absorption.

BRI Danareksa Research