IDRHKD IDR/HKD
- 0.0004764
- -0.0000037-0.78%
IDR/HKD News
Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts
The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by
Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.
Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.
The Hong Kong Monetary Authority maintains the basic interest rate at 5.75 basis points unchanged.
As expected by the market, the Federal Reserve kept interest rates unchanged, with the federal funds rate between 5.25 and 5.5 basis points. The Hong Kong Monetary Authority also kept the basic interest rate unchanged at 5.75 basis points.
Jokowi Strikes Sanguine Tone as Rupiah Hits New Four-Year Low
Indonesian President Joko Widodo has shrugged off concerns about the rupiah’s recent bout of weakness, signaling there may be little political pressure for the central bank to raise interest rates next week.
Hong Kong's official forex reserve assets increased to US$ 417.2 billion by the end of May.
The Hong Kong Monetary Authority announced that Hong Kong's official foreign exchange reserves at the end of May were USD 417.2 billion, up USD 8 billion from the end of April. Including unsettled foreign exchange contracts, Hong Kong's foreign exchange reserves at the end of May were USD 417 billion, compared to USD 416.4 billion at the end of April. The total amount of foreign exchange reserves of USD 417.2 billion is equivalent to more than five times the circulation of Hong Kong currency or about 39% of the M3 money supply in Hong Kong.
Rupiah's Drop to Four-Year Low Prompts Bank Indonesia Support
The Indonesian rupiah declined to a fresh four-year low as investors unwound the emerging-market carry trade, prompting a verbal support for the currency from the nation’s central bank.
Hong Kong's Business Activity Contracts in May
Business activity in Hong Kong contracted once more in May after improving in March and April due to a fall in new orders and export conditions, according to data from S&P Global released Wednesday.
Hong Kong PMI Indicates Downturn in Business Conditions -- Market Talk
0121 GMT - The latest S&P PMI data for Hong Kong looks bleak, indicating a worsening of business conditions in the private sector in May. The headline PMI slid to 49.2 in May from 50.6 in April, signa
Indonesia Inflation on Track to Cool This Year -- Market Talk
Indonesia's inflation is on track to cool this year, backing the UOB Global Economics & Markets Research team's view that the central bank will stay on hold through 2024 and make its first cut next year.
Indonesia Central Bank's Rate Decision Rests on Rupiah -- Market Talk
Another surprise 25bps hike by Bank Indonesia could be possible in June if the rupiah depreciates again, Maybank economists write in a note.
Indonesia Inflation Eases, but IDR Keeps Rate-Hike Risk Alive -- Market Talk
Indonesia's latest CPI print shows a moderation in headline inflation, but a weak rupiah keeps Barclays economists on alert for more potential rate hikes by the central bank.
Indonesia's Consumer Inflation Rises Slower Than Expected in May
Indonesia's consumer prices rose 2.84% annually in May softer than the 3% inflation reading in the preceding month, according to data released by Statistics Indonesia on Monday.
Express News | Hong Kong's economy grew 2.7% year-on-year in the first quarter of this year
Indonesia Inflation Likely Stayed Steady in May -- Market Talk
Indonesia inflation data for May is unlikely to suggest that a rate hike is coming any time soon, ING economists say in a note.
Indonesia's Broad Money Expands Softly at 6.9% in April
Indonesia's broad money (M2), which gauges liquidity in the economy, expanded 6.9% year over year in April to 8,928 trillion Indonesian rupiahs, slowing from the 7.2% annual growth in the prior month, according to a Monday release from Bank Indonesia.
Hong Kong's April CPI 1.1% YoY
Glonghui, May 23 | Hong Kong's consolidated CPI for April was 1.1% per annum, expected to be 2.00%, compared with the previous value of 2.00%.
Indonesia's Current Account Deficit May Exceed 2023 Level -- Market Talk
Indonesia's current account deficit this year is expected to widen past the 2023 deficit of 1.0% of GDP, which may be less supportive of the rupiah, says Radhika Rao, DBS senior economist.
Bank Indonesia to Stay Nimble as External Policy Cycle Unfolds -- Market Talk
Bank Indonesia's latest policy meeting backs CIMB analysts' view that it will keep rates on hold until Fed cuts begin.
Indonesia Keeps Key Rate Unchanged as Pressure on Rupiah Abates
Indonesia’s central bank left its benchmark interest rate steady after a surprise rate hike last month reduced the pressure on the currency.
Bank Indonesia Is Set to Hold Rate Steady as Currency Risks Recede
Indonesia’s central bank will probably leave its benchmark interest rate unchanged after a surprise hike last month helped arrest the slide of the local currency.