FW: [Maybank] BI Hikes Rate With More Hikes Possible

 

 

BI Hikes Rate With More Hikes Possible Global Markets Daily by Saktiandi Supaat FX Research The new BI governor did not disappoint and followed through with his hawkish rhetoric with a 25bp hike to its benchmark policy rate to 4.75%. He highlighted that this move was pre-emptive ahead of the Fed's expected tightening in Jun. While further adjustments will be data-dependent, the governor warned that the Bi will continue to "calibrate developments, domestic and global, to make use of available space for higher rates in a measured way". This suggests that while BI remains open to ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.