Global Forex and Fixed Income Roundup: Market Talk
Dow Jones
Sep 22
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
0406 GMT - Bank Indonesia is expected to keep its benchmark seven-day reverse repo rate steady at 5.75% on Wednesday, according to nine out of ten economists polled by The Wall Street Journal. One economist forecasts BI to raise the policy rate by 25 bp to 6.0%. A stable rupiah could give BI room to stay on hold in its September meeting, HSBC economists say in a note. However, developments in oil prices, El Nino and the dollar could create risks to inflation, the fiscal deficit and trade balance, potentially weakening the rupiah later in the year, they say. HSBC expects BI's next rate hike to come in 4Q, taking the benchmark rate to 6.0%.
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