Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

The recent rate cut by Bank Indonesia at its policy meeting on 16th June is expected to provide some support to domestic demand in the months ahead. The benchmark rate now stands at 6.50%. With inflation expected to stay within Bank Indonesia’s target range of 3% to 5% in the near term, having edged lower to 3.3% y-o-y in May, growth concerns were clearly the dominant driver for the recent move.Credit growth in Indonesia has continued to slow, with lending by commercial banks having risen 8.0%…

The recent rate cut by Bank Indonesia at its policy meeting on 16th June is expected to provide some support to domestic demand in the months ahead. The benchmark rate now stands at 6.50%. With inflation expected to stay within Bank Indonesia’s target range of 3% to 5% in the near term, having edged lower to 3.3% y-o-y in May, growth concerns were clearly the dominant driver for the recent move.Credit growth in Indonesia has continued to slow, with lending by commercial banks having risen 8.0%…

Bank Tabungan Pensiunan Nasional (BTPN IJ)

Jaya Konstruksi Manggala Pratama (JKON IJ)

Supreme Cable Manufacturing & Commerce (SCCO IJ)

Batavia Prosperindo Internasional (BPII IJ)

Bank China Construction Bank Indonesia (MCOR IJ)

Pembangunan Perumahan (Persero) (PTPP IJ)

Indonesia: Bank Indonesia May Have Room to Cut Rates Further