Fx News

GBP/USD: Two-way trades in 1.1060-1.1360 range for now – OCBC

Text sign showing Wall Street. Conceptual photo Home of the New York Stock Exchange Brokerages headquarters.

UOB Group’s Economist Enrico Tanuwidjaja reviews the latest interest rate decision by the Bank Indonesia (BI).

Key Takeaways

“Bank Indonesia (BI) delivered a back-to-back 50 bps rate hike in October MPC meeting, in line with market expectation, to 4.75%.”

“BI said that the decision is a front-loaded, pre-emptive, and forward-looking step to anticipate and mitigate the risk of rising inflation and anchor inflation expectations to remain within the 2-4% range in 1H23.”

“Going forward, we revised and brought forward our BI rate forecast to 5.25% (previously 5.00%) by the end of 2022 and revised higher the terminal rate to 5.75% (before 5.50%) that is likely to occur in 1Q23. This will give a reasonably comfortable yet historically tighter spread of circa 100 bps with the expected terminal rate of the Fed funds rate of 4.75% by 1Q23.”


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets an

Related posts
Fx News

USD/CAD Price Analysis: Sellers attack 1.3660 support confluence to open 100-pip fall

USD/CAD holds decrease floor close to intraday backside at some point of the first loss-making day…
Read more
Fx News

GameStop’s premarket surge has investors wondering if squeeze is back on

GME inventory is up on Wednesday after the gaming retailer swung to its first underlying internet…
Read more
Fx News

US Dollar Index Price Analysis: DXY bears appear well-set to visit 102.65-55 zone despite pre-Fed inaction

US Dollar Index grinds close to five-week low, probes bears after four-day downtrend. Bearish MACD…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *