Citi: Rupiah pressure may ease temporarily in the third quarter

Gelonghui, July 6 | Citi expects pressure on the rupiah to ease somewhat in the third quarter as Indonesia’s current account improves, but warns that persistent structural weaknesses could limit this relief. Citi forecasts the current account deficit to narrow to around 1% of GDP in the third quarter, supported by lower oil prices, higher mining output, and weak imports, and to fall below 1% in the fourth quarter, economist Helmi Arman wrote in a report following meetings with policymakers from July 1–3. Citi still believes Bank Indonesia has completed its rate-hiking cycle, but weak capital inflows may leave the central bank with little room to maneuver.

Gelonghui FinanceJul 6 12:37

Indonesian Retail Sales Expected to Strengthen in March

MT NewswiresApr 13 17:11

Indonesia announces B50 energy policy to increase biofuel blending ratio; Iran conflict impacts extend to palm oil market

Indonesia's shift to implement the B50 program indicates that the conflict in Iran is stimulating global demand for biofuels.

Zhitong FinanceApr 1 14:59

Indonesia's Exports, Imports Rise in January

MT NewswiresMar 2 13:23

Indonesia's Inflation Rises 4.8% in February

MT NewswiresMar 2 13:13

Bank of Korea, Bank Indonesia Renew Bilateral Currency Swap Agreement for Five Years

MT NewswiresFeb 6 12:32